KUALA LUMPUR (June 30): theedgemarkets.com has highlighted eight stocks with momentum at noon market close today. Three stocks displayed positive momentum, while five showed negative momentum.
The stocks with positive momentum were:
Complete Logistic Services Bhd – up 3.5 sen at 58.5 sen
Gagasan Nadi Cergas Bhd – up 2.5 sen at 29 sen
VSolar Group Bhd – up half a sen at 7.5 sen
The stocks with negative momentum were:
Hubline Bhd – up one sen at 6.5 sen
Ireka Corp Bhd – up four sen at 41 sen
Nextgreen Global Bhd – unchanged at 28 sen
Pecca Group Bhd – up 1.5 sen at 91 sen
SMTrack Bhd – up half a sen at 11.5 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.