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Dutaland, Cepatwawasan, Prestar, Techfast, Uchi, Crest Builder

TheEdge Thu, Aug 24, 2017 01:19pm - 3 years ago

KUALA LUMPUR (August 24): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks positive momentum while three showed negative momentum.

The stocks with positive momentum were:

Dutaland Bhd – down 1.5 sen at 61 sen

Cepatwawasan Group Bhd – up 3.5 sen at 97.5 sen

Prestar Resources Bhd – up 6 sen at RM1.44

The stocks with negative momentum were:

Techfast Holdings Bhd – up 7.5 sen at 91 sen

Uchi Technologies Bhd – up 12 sen at RM2.22

Crest Builder Holdings Bhd – down 4 sen at RM1.15

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.

Related Stocks

BURSA 8.300
CEPAT 0.580


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