KUALA LUMPUR (Sept 7): theedgmarkets.com has highlighted 11 stocks with momentum at Bursa Malaysia’s noon break today. One stock displayed positive momentum, with the remaining 10 displaying negative momentum.
The stock with positive momentum was:
Dancomech Holdings Bhd – up half a sen at 61 sen
The stocks with negative momentum were:
Scope Industries Bhd – up two sen at 19 sen
Inta Bina Group Bhd – up 4.5 sen at 31 sen
Wegmans Holdings Bhd – up two sen at 35.5 sen
Spring Art Holdings Bhd – up two sen at 26.5 sen
Heveaboard Bhd – up 1.5 sen at 48.5 sen
Malaysia Pacific Corp Bhd – up a sen at 16.5 sen
SYF Resources Bhd – up 4.5 sen at 23 sen
Poh Huat Resources Bhd – up 11 sen at RM1.47
Jaycorp Bhd – up five sen at RM1.07
Kumpulan Jetson Bhd – up half a sen at 22.5 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