Techbond, Tex Cycle Technology, CJ Century Logistics, Harn Len, TAFI Industries, Wegmans

Techbond, Tex Cycle Technology, CJ Century Logistics, Harn Len, TAFI Industries, Wegmans
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KUALA LUMPUR (Aug 17): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while four showed negative momentum.

The stocks with positive momentum were:

Techbond Group Bhd — down half a sen at 56.5 sen

Tex Cycle Technology (M) Bhd — up 2.5 sen at 54 sen

The stocks with negative momentum were:

CJ Century Logistics Holdings Bhd — up half a sen at 49.5 sen

Harn Len Corp Bhd — up nine sen at RM1.10

TAFI Industries Bhd — up eight sen at RM2.36

Wegmans Holdings Bhd — down 1.5 sen at 30.5 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

Jenny Ng