KUALA LUMPUR (Jan 29): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. The list showed three stock with positive momentum and three with negative momentum.
Stocks with positive momentum were:
Adventa Bhd — up 2 sen at 91 sen
HLT Global Bhd — down 2 sen at 23.5 sen
Oceancash Pacific Bhd — down 8 sen ay 65.5 sen
Stocks with negative momentum were:
Careplus Group Bhd — down 3 sen at 36.5 sen
Malaysia Genomics Resources Centre Bhd — up 2 sen at 27 sen
TAS Offshore Bhd — up 2.5 sen at 42 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 momentum generally 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com
https://www.theedgemarkets.com/article/adventa-carepls-hlt-mgrc-ocncash-tas
