KUALA LUMPUR (Feb 2): theedgemarkets.com has highlighted six stocks with momentum at afternoon market close today.
Two stocks show positive momentum, while four stocks show negative momentum.
The stocks with positive momentum were:
Sern Kou Resources Bhd up four sen at 75.5 sen
CSC Steel Holdings Bhd up one sen at RM1.22
The stocks with negative momentum were:
CWorks Systems Bhd up 3.5 sen at 67.5 sen
Aturmaju Resources Bhd up four sen at 98 sen
ML Global Bhd up 3 sen at 49 sen
Cliq Energy Bhd down half a sen to 69 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.