Elsoft, Mieco, Choo Bee, Evergreen, Karyon, Rev Asia
KUALA LUMPUR (Aug 15): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum and four showed negative momentum.
Stocks with positive momentum were:
Elsoft Research Bhd - up 18 sen at RM2.91
Mieco Chipboard Bhd – up 0.5 sen at 51.5 sen
Stocks with negative momentum were:
Choo Bee Metal Industries Bhd – up 12 sen at RM2
Evergreen Fibreboard Bhd – up 1.5 sen at 59.5 sen
Karyon Industries Bhd – up 1.5 sen at 22 sen
Rev Asia Bhd – up 1.5 sen at 31.5 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.
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