KUALA LUMPUR (March 22): theedgemarkets.com has highlighted eleven stocks with momentum at afternoon market close today.
Eight stocks shows positive momentum while three stocks show negative momentum.
The stocks with positive momentum are:
Zecon Bhd up 2 sen to 81 sen
TRC Synergy Bhd unchanged at 47.5 sen
Ann Joo Resources Bhd up 5 sen at 86.5 sen
The stocks with negative momentum are:
Palette Multimedia Bhd up half a sen at 7 sen
Malaysia Steel Works (KL) Bhd up 3.5 sen at 58.5 sen
Kimlun Corporation Bhd up 6 sen at RM1.81
Aeon Credit service (M) Bhd up 44 sen at RM12.82
EKA Noodles Bhd down 1 sen at 24 sen
Dominant Enterprise Bhd down 2 sen at RM1.17
Classic Scenic Bhd up 3 sen at RM1.38
Harrisons Holdings Malaysia Bhd up 5 sen to RM3.10
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.)
http://www.theedgemarkets.com/my/article/zecon-trc-ann-joo-palette-masteel-kimlun-aeoncr-eka-dominant-cscenic-harrisons