HLT, Pelikan, Minetech, NWP, Salutica

HLT, Pelikan, Minetech, NWP, Salutica
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KUALA LUMPUR (Feb 10): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while three showed negative momentum.

Stocks with positive momentum were:

HLT Global Bhd – down 0.5 sen at 27.5 sen

Pelikan International Corp Bhd – up three sen at 58 sen

Stocks with negative momentum were:

Minetech Resources Bhd – unchanged at 11.5 sen

NWP Holdings Bhd – up one sen at 17 sen

Salutica Bhd – up four sen at RM1.01

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