KUALA LUMPUR (July 14): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Two stocks displayed positive momentum, while four showed negative momentum.
Stocks with positive momentum were:
Hock Seng Lee Bhd — up 8.5 sen at RM1.08
OCB Bhd — up 22 sen at RM1.08
Stocks with negative momentum were:
BP Plastics Holding Bhd — up one sen at RM1.83
MMS Ventures Bhd — up 3 sen at 93.5 sen
Pelikan International Corp Bhd — down 1.5 sen at 46.5 sen
Tex Cycle Technology (M) Bhd — up 1 sen at 50.5 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