KUALA LUMPUR (April 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and four with negative momentum.
The stocks with positive momentum are:
Spring Gallery Bhd down 15 sen at RM1.08
NWP Holdings Bhd up 7.5 sen at 56.5 sen
The stocks with negative momentum are:
JKG Land Bhd up half sen 21.5 sen
Lingkaran Trans Kota Holdings Bhd flat at RM5.30
Plastrade Technology Bhd down one sen at 18.5 sen
Selangor Dredging Bhd up one sen at RM1.01
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.)
SGB, NWP, JKGLAND, LITRAK, PTB, SDRED, Stocks With Momentum,
http://www.theedgemarkets.com/my/article/spring-gallery-nwp-holdings-jkg-land-litrak-plastrade-selangor-dredging
