May 17 (KUALA LUMPUR): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed two stocks with positive momentum and five stocks with negative momentum.

Stocks with positive momentum were:

Acoustech Bhd – unchanged at 83 sen

Three-A Resources Bhd – unchanged at RM1.25

Stocks with negative momentum were:

Triplc Bhd – unchanged at RM1.68

Sanichi Technology Bhd – unchanged at 19 sen

Ivory Properties Group Bhd – unchanged at 45 sen

Brite-Tech Bhd – unchanged at 29 sen

Opensys (M) Bhd – unchanged at 31 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.)