KUALA LUMPUR (May 23): theedgemarkets.com has highlighted eight stocks with momentum at afternoon market close today. Three stocks showed positive momentum and five stocks displayed negative momentum.
The stock with positive momentum were:
Lii Hen Industries Bhd up 17 sen to RM2.68
AE Multi Holdings Bhd unchanged at 14.5 sen
KUB Malaysia Bhd up 2 sen to 31.5 sen
The stocks with negative momentum were
Amalgamated Industrial Steel Bhd up 0.5 sen to 37 sen
Three-A Resources Bhd up 6 sen to RM1.37
Yoong Onn Corp Bhd up 3.5 sen to RM 1
Dagang Nexchange Bhd up 1.5 sen to 26.5 sen
Wang-Zheng Bhd up 1 sen to 99 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.
(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 - Lii Hen, AE Multi, KUB, Amalgamated Industrial Steel, Three-A, Yoong Onn, Dagang Nexchange, Wang-Zheng