KUALA LUMPUR (Feb 19): theedgemarkets.com has highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while six stocks displayed negative momentum.
The stocks with positive momentum were :
Advance Synergy Bhd - down a sen at 15.5 sen
Solid Automotive Bhd- down half a sen at 32 sen
The stocks with negative momentum were:
Ancom Bhd – up three sen at 75 sen
GHL Systems Bhd– up five sen at RM1.65
Jag Bhd- up half a sen at 4.5 sen
Mclean Technologies Bhd- up a sen at 37 sen
Omesti Bhd - up 5.5 sen at 63.5 sen
SIG Gases Bhd- up half a sen at 44.5 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.