Vsolar, LCTH, Tanco, APFT, Geshen, Ewein

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KUALA LUMPUR (Apr 23): theedgemarkets.com has highlighted six stocks with momentum at afternoon market close today.

All six stocks show positive momentum.

The stocks are:

VSolar Group Bhd (fundamental: 0.6; valuation: 0) down 3 sen at 41 sen

LCTH Corporation Bhd (fundamental: 2.5; valuation: 1.1) up 3 sen at 52 sen

Tanco Holdings Bhd (fundamental: 0.55; valuation: 0.9) up 1 sen at 18.5 sen

APFT Bhd (fundamental: 0.2; valuation: 0.3) up 0.5 sen at 20 sen

Geshen Corporation Bhd (fundamental: 2.2; valuation: 1.1) up 2.5 sen at 72.5 sen

EweinBhd (fundamental: 1.1; valuation: 1.4) up 6 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 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)