KUALA LUMPUR (Jan 31): theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while three stocks showed negative momentum.
The stocks with positive momentum were:
HLT Global Bhd – down two sen at 25.5 sen
Xidelang Holdings Ltd – up half a sen at 17 sen
The stocks with negative momentum were:
Mclean Technologies Bhd – down a sen at 28.5 sen
LKL International Bhd – unchanged at 22.5 sen
Euro Holdings Bhd – unchanged at 18 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.