Federal Furniture, Chin Well, Dufu Technology, Poh Huat Resources, Efficient E-Solutions, TPC Plus, CCK Consolidated

Federal Furniture, Chin Well, Dufu Technology, Poh Huat Resources, Efficient E-Solutions, TPC Plus, CCK Consolidated
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KUALA LUMPUR (Dec 8): theedgemarkets.com has highlighted seven stocks with momentum at afternoon market close today. Three stocks showed positive momentum and four stocks displayed negative momentum.

The stocks with positive momentum were:

Federal Furniture Holdings  Bhd down 2.5 sen at 68.5 sen

Chin Well Holdings  Bhd up 6  sen at RM1.74

Dufu Technology Corp Bhd up 4.5 sen at 46.5 sen

The stocks with negative momentum were:

Poh Huat Resources Holdings Bhd up 4 sen at RM1.84

Efficient E-Solutions Bhd down  1.5 sen at 30.5 sen

TPC Plus Bhd up 5 sen at 69.5 sen

CCK Consolidated Holdings Bhd down 4sen at RM1

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 momentumgenerally 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.

(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.)