The stock with positive momentum were:
OCK Group Bhd — up 3 sen at 82 sen
Scientex Bhd — up 22 sen at RM11.76
Hock Seng Lee Bhd — up 5 sen at RM2.08
Ann Joo Resources Bhd — up 0.5 sen at 82.5 sen
The stocks with negative momentum were:
Theta Edge Bhd — down 0.5 sen at 39.5 sen
Tambun Indah Land Bhd — up 6 sen at RM1.49
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.
http://www.theedgemarkets.com/my/article/ock-scientex-hsl-ann-joo-theta-edge-tambun-indah
