KUALA LUMPUR (Mar 13): theedgemarkets.com has highlighted 13 stocks with momentum at afternoon market close today. Three of the stocks show positive momentum while ten show negative momentum.
Stocks with positive momentum are:
Supercomnet Technologies Bhd (fundamental: 2.35; valuation: 1.2) up 1.5 sen at 15.5 sen.
Genetec Technology Bhd (fundamental: 1.2; valuation: 0.6) up one sen at 24.5 sen.
Superlon Holdings Bhd (fundamental: 2.1; valuation: 1.2) up 16 sen at 96 sen.
Stocks with negative momentum are:
Key Alliance Group Bhd (fundamental: 0.95; valuation: 0.9) up 0.5 sen at eight sen.
Plastrade Technology Bhd (fundamental: 0.75; valuation: 1.2) up 0.5 sen at 15.5 sen.
Cuscapi Bhd (fundamental: 1.65; valuation: 0.6) up 2.5 sen at 24.5 sen.
Mexter Technology Bhd (fundamental: 0.95; valuation: 0.3) up 0.5 sen at 14 sen.
Ablegroup Bhd (fundamental: 1.2; valuation: 1.2) up one sen at 14.5 sen.
Eka Noodles Bhd (fundamental: 0.15; valuation: 0.3) up 0.5 sen at 14.5 sen.
Power Root Bhd (fundamental: 2.1; valuation: 0.9) up five sen at RM1.71.
SLP Resources Bhd (fundamental: 2.4; valuation: 2.4) up 7.5 sen at 76.5 sen.
Majuperak Holdings Bhd (fundamental: 1.85; valuation: 1.2) up one sen at 37 sen.
Dataprep Holdings Bhd (fundamental: 1.35; valuation: 0.3) up one sen at 23 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.
(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.)