The stock with positive momentum is:
Scientex Bhd – up four sen at RM11.24
The stocks with negative momentum are:
M3 Technologies (Asia) Bhd – up one sen at 15 sen
OCK Group Bhd – down three sen at 77 sen
Eka Noodles Bhd – up two sen at 21.5 sen
Len Cheong Holding Bhd – up one sen at 33 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.
http://www.theedgemarkets.com/my/article/scientex-m3-technologies-ock-eka-noodles-len-cheong
