KUALA LUMPUR (Aug 1): theedgemarkets.com has highlighted seven stocks with momentum after the afternoon market close today.
Four stocks show positive momentum while three stocks show negative momentum.
The stocks with positive momentum are:
Wah Seong Corp Bhd — up 9.5 sen to 86 sen
PMB Technology Bhd — up 5 sen to RM1.57
Opensys (M) Bhd — up 1 sen to 37.5 sen
Mah Sing Group Bhd — unchanged at RM1.62
The stocks with negative momentum are:
Muar Ban Lee Group Bhd — up one sen to 97 sen
RGB International Bhd — up 1.5 sen to 17.5 sen
Kumpulan Fima Bhd — up 6 sen to RM1.96
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.