The stocks picked today include:
EonMetall Group Bhd gained 1.5 sen or 3.37% at 46 sen.
Mycron Steel Bhd up 3.5 sen or 7.78% at 48.5 sen
Acoustech Bhd rose two sen ort 2.53% at 81 sen
MAA Group Bhd gained two sen or 1.74% at RM1.17
Tomypak Holdings Bhd gained three sen or 1.2% at RM2.53
M3 Technologies (Asia) Bhd unchanged at 20.5 sen
Kerjaya Prospek Group Bhd rose one sen or 0.51% at RM1.96
Johan Holdings Bhd unchanged at 13.5 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.
http://www.theedgemarkets.com/my/article/eonmetall-mycron-acoustech-maa-tomypack-m3-technologies-kerjaya-prospek-johan
