KUALA LUMPUR (Oct 26): theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia’s afternoon close on Monday.

The stocks with positive momentum were:
Comfort Gloves Bhd (KL:COMFORT) — up one sen or 5.41% at 19.5 sen
Iconic Worldwide Bhd (KL:ICONIC) — up half a sen or 4.76% at eleven sen
RGT Bhd (KL:RGTBHD) – up 2.5 sen or 5.26% at fifty sen

The stocks with negative momentum were:
PCCS Group Bhd (KL:PCCS) — up 1.5 sen or 5% at 31.5 sen
Revenue IF Bhd (KL:REVENUE) — up half a sen or 5.88% at nine 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