The stocks with positive momentum are:
Melewar Industrial Group Bhd – up two sen at 32 sen
LB Aluminium Bhd – up 2.5 sen at 52.5 sen
The stocks with negative momentum are:
Hiap Teck Venture Bhd – down half a sen at 30 sen
M3 Technologies (Asia) Bhd – unchanged at 18 sen
TRC Synergy Bhd – up 2.5 sen at 50 sen
Len Cheong Holding Bhd – up half a sen at 33.5 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 momentumgenerally 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.
Stocks With Momentum - Melewar, LB Aluminium, Hiap Teck, M3 Technologies, TRC, Len Cheong
http://www.theedgemarkets.com/my/article/melewar-lb-aluminium-hiap-teck-m3-technologies-trc-len-cheong
