KUALA LUMPUR (Feb 19): theedgemarkets.com has highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed positive momentum, while two stocks displayed negative momentum.
The stocks with positive momentum were :
Symphony Life Bhd - down a sen at 45 sen
Foundpac Group Bhd – up 2.5 sen at 97.5 sen
RCE Capital Bhd – up six sen at RM1.75
KKB Engineering Bhd – up 25 sen at RM2.16
The stocks with negative momentum were:
Focus Point Holdings Bhd – up two sen at 70.5 sen
MI Technovation Bhd – up 11 sen at RM2.18
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.