Amtel, Armada, Caely, DGB, Fitters Diversified, P.A., UMWOG

TheEdge Fri, Jan 05, 2018 01:07pm - 6 years View Original


KUALA LUMPUR (Jan 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and six with negative momentum.

The stock with positive momentum was:

P.A. Resources Bhd — unchanged at 9 sen

Stocks with negative momentum were:

Amtel Holdings Bhd — unchanged at 70 sen

Bumi Armada Bhd — up 5.5 sen at 84.5 sen

Caely Holdings Bhd — down 5 sen at RM1.03

DGB Asia Bhd — down 1.5 sen at 20.5 sen
Fitters Diversified Bhd — down 2 sen at 43 sen

UMW Oil & Gas Corp Bhd — up 4 sen at 40.5 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.

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






Related Stocks

AMTEL 0.610
ARMADA 0.580
BURSA 7.450
CLASSITA 0.040
DGB 0.105
FITTERS 0.055
PA 0.355
VELESTO 0.295

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