KUALA LUMPUR (Feb 3): theedgemarkets.com has highlighted five stocks with momentum at afternoon market close today.
One stock shows positive momentum while four stocks show negative momentum.
The stock with positive momentum is:
EKA Noodles Bhd — up 0.5 sen to 17 sen
The stocks with negative momentum are:
Sern Kou Resources Bhd — down one sen at 74 sen
Farm’s Best Bhd — up 3 sen at 90 sen
CSC Steel Holdings Bhd — unchanged at RM1.25
Cliq Energy Bhd — up 0.5 sen to 69.5 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.