KUALA LUMPUR (April 13): theedgemarkets.com
The stock with positive momentum was :
Advancecon Holdings Bhd — up three sen at 43 sen
The stocks with negative momentum were:
CNI Holdings Bhd — up 1.5 sen at 21 sen
Jaycorp Bhd — up one sen at RM1.87
Kumpulan Jetson Bhd — up one sen at 27 sen
Kim Hin Joo (Malaysia) Bhd — up 1.5 sen at 27.5 sen
Redtone Digital Bhd — up one sen at 44.5 sen
Reservoir Link Energy Bhd — up three sen at 82 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com