KUALA LUMPUR (May 26): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon close on Thursday. Three stocks displayed positive momentum, while two showed negative momentum.
Stocks with positive momentum were:
Computer Forms (Malaysia) Bhd — up one sen at 96 sen
Heng Huat Resources Group Bhd — up 1 sen at 34.5 sen
Priceworth International Bhd — up 2 sen at 13 sen
Stocks with negative momentum were:
Global Oriental Bhd — up three sen at 33 sen
Shin Yang Shipping Corp Bhd — up 0.5 sen at 38 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 in 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