KUALA LUMPUR (April 30): theedgemarkets.com highlighted five stocks at Bursa Malaysia's afternoon close today. One stock showed positive momentum while four displayed negative momentum.
The stock with positive momentum was:
Rubberex Corp (M) Bhd – up eight sen at RM1.39
The stocks with negative momentum were:
Comfort Gloves Bhd – up three sen at RM1.38
Hubline Bhd – up half a sen at 5.5 sen
Key Alliance Group Bhd – up one sen at 10.5 sen
LKL International Bhd – up 1.5 sen at 36 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