KUALA LUMPUR (June 11): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum, while the remaining three showed negative momentum.
The stocks with positive momentum were:
Edaran Bhd — up 5.5 sen at 59.5 sen
Olympia Industries Bhd — unchanged at 13.5 sen
Prestar Resources Bhd — up seven sen at RM1.24
The stocks with negative momentum were:
Central Global Bhd (CGB) — up 14 sen at RM2.23
EP Manufacturing Bhd (EPMB) — up 18 sen at 80 sen
PWF Corporation Bhd — up one sen at 69 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.