(转贴) KUALA LUMPUR (March 6): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. One had positive momentum and another six had negative momentum.
The stock with positive momentum was:
HB Global Limited – up 8 sen at 32.5 sen
The stocks with negative momentum were:
Asdion Bhd – down 2.5 at 23.5 sen
Muda Holdings Bhd – up 25 sen at RM2.37
Ornapaper Bhd – up 8 sen at RM1.71
Pansar Bhd – unchanged at 89 sen
SKH Consortium Bhd – up 0.5 sen at 9 sen
YKGI Holdings Bhd – up 2.5 sen at 31.5 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.
These lists are 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
http://www.theedgemarkets.com/article/hbglob-asdion-muda-orna-pansar-skh-ykgi
Created by yiqqre | Oct 02, 2018