Notion VTec, Xidelang, Caring Pharmacy, Abric, Oriental Food, Jaycorp

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GEORGE TOWN (July 30): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock shows positive momentum while five stocks show negative momentum.

The stock with positive momentum is:

Notion VTec Bhd (valuation: 0.9; fundamental: 1.15) up four sen at 45.5 sen

Stocks with negative momentum are:

Xidelang Holdings Ltd (valuation: 1.5; fundamental: 1.3) up one sen at 18.5 sen

Caring Pharmacy Group Bhd (valuation: N/A; fundamental: N/A) up three sen at RM1.20

Abric Bhd (valuation: 3; fundamental: 1.8) up 1.5 sen at 61 sen

Oriental Food Industries Holdings Bhd (valuation: 1.1; fundamental: 2.8) up 26 sen at RM6.22

Jaycorp Bhd (valuation: 2; fundamental: 1.4) up five sen at RM1.05

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.

(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.)