KUALA LUMPUR (Oct 22): theedgemalaysia.com highlighted four stocks with positive momentum and one stock with negative momentum at Bursa Malaysia's afternoon close on Thursday.
The stocks with positive momentum were:
- Revenue IF Bhd (KL:REVENUE) — up two sen or 26.67% at 9.5 sen
- Pantech Global Bhd (KL:PGLOBAL) — down one sen or 1.52% at 65 sen
- CB Industrial Product Holding Bhd (KL:CBIP) — unchanged at RM1.06
- Superlon Holdings Bhd (KL:SUPERLN) — up half a sen or 0.53% at 95 sen
The stock with negative momentum was:
- Ablegroup Bhd (KL:ABLEGRP) — unchanged at 10.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com