Crescendo, Inta Bina, PIE Industrial, Unitrade Industries, Cuscapi, HB Global, Mclean Technologies

TheEdge Thu, Apr 18, 2024 02:46pm - 1 month View Original


KUALA LUMPUR (April 18): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon break on Thursday. Four stocks displayed negative momentum, while three stocks displayed positive momentum. 

The stocks with negative momentum were:

  • Crescendo Corp Bhd - up 26 sen to RM3.80 
  • Inta Bina Bhd - down 0.5 sen to 38 sen 
  • PIE Industrial Bhd - up 52 sen to RM5.46 
  • Unitrade Industries Bhd - up 0.5 sen to 32.5 sen 

The stocks with positive momentum were:

  • Cuscapi Bhd - up two sen to 20 sen 
  • HB Global Ltd - unchanged at 19.5 sen 
  • Mclean Technologies Bhd - up two sen to 22 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

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 8.300
CRESNDO 3.590
CUSCAPI 0.320
HBGLOB 0.125
MCLEAN 0.315
PIE 5.800
UNITRAD 0.290

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