Stocks With Momentum Asdion, APFT, Spring Gallery, Super Enterprise, Harbour-Link

by **Cals** Wed 17 Jun 2015, 20:53

Stocks With Momentum
Asdion, APFT, Spring Gallery, Super Enterprise, Harbour-Link

KUALA LUMPUR (June 17): theedgemarkets.com has highlighted five stocks with momentum at afternoon market close today. Four of the stock show positive momentum while one show negative momentum.

Stocks with positive momentum are:

Asdion Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.95; valuation: 0) up one sen or 0.73% at RM1.38.

APFT Bhd (fundamental: 0.2; valuation: 0) gained 0.5 sen or 2.44% at 21 sen.

Spring Gallery Bhd (fundamental: 2.4; valuation: 0.3) declined 0.5 sen or 0.72% at 68.5 sen.

Super Enterprise Holdings Bhd (fundamental: 2.2; valuation:1.4) gained 10 sen or 3.12% at RM3.30.

Stock with negative momentum is:

Harbour-Link Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.7; valuation: 1.8) gained 11sen or 4.38% at RM2.62.

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.

(Notes: 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.)