KUALA LUMPUR (April 18): 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 stock with positive momentum were:

Palette Multimedia Bhd, up 1 sen to 9.5 sen

AirAsia X Bhd (AAX), up 0.5 sen to 35 sen

D’ Nonce Technology Bhd (DNonce), up 1 sen to 21.5 sen

The stocks with negative momentum were:

Muar Ban Lee Group Bhd, unchanged at 79 sen

Hiap Teck Venture Bhd, up 1.5 sen  to 37.5 sen

Destini Bhd, up 1.5 sen to 63 sen

Lion Industries Corp Bhd, up 2 sen to 44 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.