KUALA LUMPUR (April 12): theedgemarkets.com has highlighted five stocks with momentum at afternoon market close today. Two stocks show positive momentum while the other three stocks show negative momentum.
Stocks with positive momentum are:
Ann Joo Resources Bhd, up 6 sen or 5.66% at RM1.12.
Hiap Huat Holdings Bhd, down 0.5 sen or 4.55% at 10.5 sen.
Stocks with negative momentum are:
Hiap Teck Venture Bhd, up 2 sen or 6.25% at 34 sen.
Salcon Bhd, up 3 sen or 4.80% at 65.5 sen.
Southern Steel Bhd, up 4 sen or 3.81% at RM1.09.
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.
Stocks With Momentum - Ann Joo, Hiap Huat, Hiap Teck, Salcon, Southern Steel
http://www.theedgemarkets.com/my/article/annjoo-hiap-huat-hiap-teck-salcon-southern-steel
