The stocks with positive momentum are:
Ancom Bhd ( Valuation: 1.80, Fundamental: 0.55)— up 2.5 sen at 43 sen
The stock with negative momentum are:
Mercury Industries Bhd ( Valuation: 3.00, Fundamental: 1.40)— up 20 sen at RM1.62
Raya International Bhd ( Valuation: 0.00, Fundamental: 0.65)— up 0.5 sen at 27.5 sen
Nylex (M) Bhd ( Valuation: 2.00, Fundamental: 0.75)— up 4.5 sen at 69 sen
Concrete Engineering Products Bhd ( Valuation: 1.10, Fundamental: 0.75)— unchanged at RM2.00
CAB Cakaran Corp Bhd ( Valuation: 1.10, Fundamental: 0.55)— up one sen at RM1.72
Resintech Bhd ( Valuation: 2.60, Fundamental: 1.00)— up 2.5 sen at 49 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 - Ancom, Mercury Industries, Raya International, Nylex, Concrete Engineering Products, CAB Cakaran, Resintech
http://www.theedgemarkets.com/my/article/ancom-mercury-industries-raya-international-nylex-concrete-engineering-products-cab-cakaran
