KUALA LUMPUR (March 15): theedgemarkets.com has highlighted four stocks with momentum at afternoon market close today. One stock showed positive momentum and three stocks displayed negative momentum.
The stock with positive momentum was:
Palette Multimedia Bhd unchanged at 5.5 sen
The stocks with negative momentum were:
OCK Group Bhd up 3.5 sen at 76 sen
Aturmaju Resources Bhd up 2 sen at RM1.51
Ann Joo Resources Bhd down 2 sen at 78.5 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 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.