KUALA LUMPUR (Aug 10): theedgemarkets.com highlighted seven stocks with momentum, with two stocks having a positive momentum, and five others with negative momentum at Bursa Malaysia’s afternoon market close today.
The stocks with positive momentum were:
Foundpac Group Bhd up 2 sen to 40 sen
Destini Bhd down 0.5 sen to 34.5 sen
The stocks with negative momentum were:
SMRT Holdings Bhd up 0.5 sen to 17 sen
Guan Chong Bhd up 10 sen to RM2.14
ABM Fujiya Bhd up 5 sen to 65 sen
Bintai Kinden Corp Bhd up 1.5 sen to 17 sen
London Biscuits Bhd up 0.5 sen to 59.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com