KUALA LUMPUR (June 29): theedgemarkets.com has highlighted six stocks with momentum at noon market close today. One stock displayed positive momentum, while five showed negative momentum.
The stock with positive momentum was:
Anzo Holdings Bhd - down 2.5 sen at 15 sen
The stocks with negative momentum were:
BoilerMech Holdings Bhd - up one sen at 56.5 sen
Efficient E-Solutions Bhd - unchanged at 14.5 sen
KUB Malaysia Bhd - up five sen at 46.5 sen
SC Estate Builder Bhd - up half a sen at three sen
VSolar Group Bhd - up one sen at 6.5 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.