Stocks With Momentum Instacom, Tex Cycle Technology, Rimbunan Sawit, Magni-Tech, Ajiya, Datasonic

by **Cals** Fri 02 Oct 2015, 00:41

Stocks With Momentum

[size=28]Instacom, Tex Cycle Technology, Rimbunan Sawit, Magni-Tech, Ajiya, Datasonic

By Cynthia Blemin / theedgemarkets.com | October 1, 2015 : 1:26 PM MYT

KUALA LUMPUR, (Oct 1): theedgemarkets.com has highlighted six stocks with momentum at afternoon market close today. Four stocks show positive momentum and two stocks show negative momentum.

Stocks with positive momentum are:

Instacom Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.25) (fundamental: 1.25; valuation: 0.3) down 0.5 sen at 17.5 sen.

Tex Cycle Technology (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 2.25) (fundamental: 2.25; valuation: 0.5) up 10 sen at RM1.27 sen.

Rimbunan Sawit Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.20) (fundamental: 0.2; valuation: 0.9) down 0.5 sen at 54.5 sen.

Magni-Tech Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.8; valuation: 2.4) up 30 sen at RM5.49 sen.

Stocks with negative momentum are:

Ajiya Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.10) (fundamental: 2.10; valuation: 2.0) up 14 sen at RM2.90 sen.

Datasonic Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 1.75) (fundamental: 1.75; valuation: 0.5) up 6 sen at RM1.50 sen.

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-upin 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.

(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.
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