KUALA LUMPUR (Nov 28): theedgemarkets.com has highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while seven stocks displayed negative momentum.
The stock with positive momentum was:
Foundpac Group Bhd – up three sen to 60.5 sen
The stocks with negative momentum were:
Pinehill Pacific Bhd – down four sen to 40.5 sen
Hua Yang Bhd – up a sen to 37.5 sen
Protasco Bhd – up two sen to 32.5 sen
Yong Tai Bhd – up half a sen to 22 sen
Analabs Resources Bhd – down a sen to RM1.08
DBE Gurney Resources Bhd – down half a sen to three sen
Bright Packaging Industry Bhd – up 1.5 sen to 29.5 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 recommendations. 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 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.