KUALA LUMPUR (May 18): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed one stock with positive momentum and five stocks with negative momentum.
Stocks with positive momentum were:
UOA Development Bhd – flat at RM2.22
Stocks with negative momentum were:
CW AirAsia Bhd – flat at 36 sen
Ivory Properties Group Bhd – flat at 48 sen
PA Resources Bhd – flat at 9 sen
AWC Bhd – flat at 75.5 sen
ML Global Bhd – flat at 65 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, UOADEV, AIRAIA-CW, IVORY, PA, AWC, MLGLOBAL,
http://www.theedgemarkets.com/my/article/uoa-development-cw-asia-ivory-pa-resources-awc-ml-global
