KUALA LUMPUR (May 24): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s noon market close today. One stock displayed positive momentum, while the rest indicated negative momentum.
The stock with positive momentum was:
Fitters Diversified Bhd — up two sen at 33.5 sen
The stocks with negative momentum were:
PUC Bhd — up 1.5 sen at 15.5 sen
Privasia Technology Bhd — up 8.5 sen at 26 sen
Eastern & Oriental Bhd (E&O) — up eight sen at 74 sen
Pertama Digital Bhd — up 14.5 sen at 57.5 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 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