Stocks With Momentum - Asia Poly, SMTrack, Tanco, MajuPerak, Perwaja
May 6, 2015 : 1:22 PM MYT
KUALA LUMPUR (May 6): theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Four of the stocks show positive momentum while one shows negative momentum.
Stocks with positive momentum are:
Asia Poly Holdings Bhd (fundamental: 0.55; valuation: 0.5) down 0.5 sen at 52 sen
SMTrack Bhd (fundamental: 1.95; valuation: 0) down 1.5 sen at 11 sen
Tanco Holdings Bhd (fundamental: 0.55; valuation: 0.9) down 0.5 sen at 18 sen
MajuPerak Holdings Bhd (fundamental: 1.85; valuation: 0.9) up 2.5 sen at 40.5 sen
The stock with negative momentum is:
Perwaja Holdings Bhd (fundamental: 0; valuation: 0) down 2.5 sen at 23 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.
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.
http://www.theedgemarkets.com
May 6, 2015 : 1:22 PM MYT
KUALA LUMPUR (May 6): theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Four of the stocks show positive momentum while one shows negative momentum.
Stocks with positive momentum are:
Asia Poly Holdings Bhd (fundamental: 0.55; valuation: 0.5) down 0.5 sen at 52 sen
SMTrack Bhd (fundamental: 1.95; valuation: 0) down 1.5 sen at 11 sen
Tanco Holdings Bhd (fundamental: 0.55; valuation: 0.9) down 0.5 sen at 18 sen
MajuPerak Holdings Bhd (fundamental: 1.85; valuation: 0.9) up 2.5 sen at 40.5 sen
The stock with negative momentum is:
Perwaja Holdings Bhd (fundamental: 0; valuation: 0) down 2.5 sen at 23 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.
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.
http://www.theedgemarkets.com
