KUALA LUMPUR (April 6): theedgemarkets.com
has highlighted seven stocks with momentum at afternoon market close today. Only one of the stock show positive momentum while six show negative momentum.
Stocks with positive momentum are:
Tekala Corporation Bhd (fundamental: 0.6; valuation:1.2) up half a sen or 1.39% at 36.5 sen.
Stocks with negative momentum are:
Ingenuity Consolidated Bhd (fundamental: 0.95; valuation: 0.9) gained half a sen or 5.56% at 9.5 sen.
Mikro MSC Bhd (fundamental: 2.55; valuation:2.1) rose 2.5 sen or 6.67% to trade at 40 sen.
Poh Kong Holdings Bhd (fundamental: 0.95; valuation: 1.4) rose 1.5 sen or 2.78% at 55.5 sen.
APFT Bhd (fundamental:0.2; valuation:0.3) gained 1.5 sen or 8.33% at 19.5 sen.
Pestech International Bhd (fundamental:0.9; valuation:0.7) up nine sen or 1.8% to trade at RM5.08.
Signature International Bhd (fundamental:2.3; valuation: 1.8) rose two sen or 0.87% at RM2.31.
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.
(Notes: 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.)