KUALA LUMPUR (March 4): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while five showed negative momentum.
Stocks with positive momentum was:
Prestar Resources Bhd – up 1 sen at 70 sen
Stocks with negative momentum were:
A-Rank Bhd – down 0.5 sen at 63.5 sen
Hap Seng Plantations Holdings Bhd – down 12 sen at RM2.87
LB Aluminium Bhd – down 1 sen at 59 sen
Muar Ban Lee Group Bhd – down 1.5 sen at 46.5 sen
TDM Bhd – down 0.5 sen at 30.5 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 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