KUALA LUMPUR (May 5): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and four with negative momentum.
The stock with positive momentum is:
Iskandar Waterfront City Bhd – up 1.5 sen at 99.5 sen
The stocks with negative momentum are:
MAA Group Bhd – up 15 sen at RM1.21
A & M Realty Bhd – up five sen at RM1
MTouche Technology Bhd – up half a sen at 16 sen
Tatt Giap Group Bhd – up 1.5 sen at 17 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.
(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.)
Stocks With Momentum - Iskandar Waterfront, MAA Group, A & M, MTouche, Tatt Giap
http://www.theedgemarkets.com/my/article/iskandar-waterfront-maa-group-m-mtouche-tatt-giap
