KUALA LUMPUR (Jan 14): theedgemarkets.com has highlighted nine stocks with momentum at afternoon market close today.
Out of the nine stocks, only two stocks show a positive momentum, while seven stocks show negative momentum.
The stocks are with positive momentum are:
KPS Consortium Bhd (fundamental: 1; valuation: 1.7) down 1 sen at 59 sen
Seal Incorporated Bhd (fundamental: 1.85; valuation: 0.9) down 1 sen at 60 sen
The stocks with negative momentum are:
Bioalpha Holdings Bhd (fundamental: N/A; valuation: N/A) up 1.5 sen at 33.5 sen
Aturmaju Resources Bhd (fundamental: 1.25; valuation: 0.3) up 1.5 sen at 75 sen
Yen Global Bhd (fundamental: 0.35; valuation: 0.3) up 2 sen at 48.5 sen
Kretam Holdings Bhd (fundamental: 1.15; valuation: 0.3) down 2.5 sen at 51 sen
Nylex (M) Bhd (fundamental: 0.75; valuation: 2) up 3 sen at 64.5 sen
Dufu Technology Corporation Bhd (fundamental: 1.7; valuation: 1.8) up 1.5 sen at 64.5 sen
CAB Cakaran Corporation Bhd (fundamental: 0.55; valuation: 1.1) up 4 sen at 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 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.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)