Highlight Stocks With Momentum - Harbour-Link, China Stationery, China Automobile, Systech, Mikro, Ivory, Lii Hen, Spring Gallery, Power Root, Lee Swe

by **Cals** Wed 20 May 2015, 19:15

Highlight
Stocks With Momentum - Harbour-Link, China Stationery, China Automobile, Systech, Mikro, Ivory, Lii Hen, Spring Gallery, Power Root, Lee Swee Kiat

KUALA LUMPUR (May 20): theedgemarkets.com has highlighted 10 stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks show positive momentum while seven show negative momentum.
The stocks with positive momentum are:
Harbour-Link Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.7; valuation: 1.8) up seven sen at RM1.83
China Stationery Ltd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.2; valuation: 0.9) unchanged at 9.5 sen
China Automobile Parts Holdings Ltd (fundamental: 1.95; valuation: 1.8) up 1.5 sen at 46.5 sen
Stocks with negative momentum are:
Systech Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.65; valuation: 1.1) up 1.5 sen at 38 sen
Mikro MSC Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.55; valuation: 1.5) up 0.5 sen at 45 sen
Ivory Properties Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.75; valuation: 1.1) up three sen at 45.5 sen
Lii Hen Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.5; valuation: 2.4) down two sen at RM4.14
Spring Gallery Bhd (fundamental: 1.7; valuation: 0.3) up 0.5 sen at 64 sen
Power Root Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.1; valuation: 1.5) up 17 sen at RM1.90
Lee Swee Kiat Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.7; valuation: 1.1) up one sen at 32 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to [You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)