KUALA LUMPUR (Nov 14): theedgemarkets.com highlighted 5 stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks had negative momentum.
Stocks with negative momentum were:
JHM Consolidation Bhd - up three sen to RM1.40
Mclean Technologies Bhd - up 0.5 sen to 19 sen
Tanco Holdings Bhd - unchanged at 7.5 sen
Malayan Flour Mills Bhd - unchanged at 72 sen
RCE Capital Bhd - up eight sen to RM1.70
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 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.