MLABS, YGL, Ideal Jacobs, Careplus, AHB

TheEdge Thu, Jul 13, 2017 01:14pm - 6 years View Original


KUALA LUMPUR (July 13): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and one with negative momentum.

Stocks with positive momentum were:

MLABS Systems Bhd – down 1 sen at 34 sen

YGL Convergence Bhd – up 1.5 sen at 24.5 sen

Ideal Jacobs (Malaysia) Corporation Bhd – up 5 sen at 48.5 sen

Careplus Group Bhd – unchanged at 43 sen

Stocks with negative momentum were:

AHB Holdings Bhd – down 0.5 sen at 37 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.

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






Related Stocks

AHB 0.130
BURSA 7.450
CAREPLS 0.275
MLAB 0.010
WIDAD 0.085
YGL 0.135

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