KUALA LUMPUR (Oct 17): theedgemarkets.com has highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while four stocks displayed negative momentum.

The stocks with positive momentum were:

Perak Transit Bhd – up a sen to 22 sen

Goodway Integrated Industries Bhd  - up a sen to 23 sen

The stocks with negative momentum were:

Notion VTEC Bhd – up 3.5 sen to 76.5 sen

Hexza Corp Bhd – unchanged to 76.5 sen

Master-Pack Group Bhd – up two sen to RM1.56

OCR Group Bhd – up 1.5 sen to 29.5 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.