KUALA LUMPUR (May 12): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed two stocks with positive momentum and five stocks with negative momentum.
Stocks with positive momentum were:
Majuperak Holdings Bhd – unchanged at 36.5 sen
Ideal Jacobs (Malaysia) Corporation Bhd – unchanged at 21 sen
Stocks with negative momentum were:
VisDynamics Holdings Bhd – unchanged at 22 sen
Ivory Properties Group Bhd – unchanged at 44.5 sen
Mycron Steel Bhd – unchanged at 59 sen
Lee Swee Kiat Group Bhd – unchanged at 32 sen
Mitrajaya Holdings Bhd – unchanged at RM1.34
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 - Majuperak, Ideal Jacobs, VisDynamics, Ivory, Mycron, Lee Swee Kiat, Mitrajaya
http://www.theedgemarkets.com/my/article/majuperak-ideal-jacobs-visdynamics-ivory-mycron-lee-swee-kiat-mitrajaya
