Stocks With Momentum Solid Automotive, D&O, XOX, Johore Tin, MRCB, SILK Holdings, Teck Guan

by **Cals** Wed 14 Oct 2015, 01:54

Stocks With Momentum

[size=28]Solid Automotive, D&O, XOX, Johore Tin, MRCB, SILK Holdings, Teck Guan

By Danial Idraki / theedgemarkets.com | October 13, 2015 : 1:33 PM MYT

KUALA LUMPUR (Oct 13): theedgemarkets.com has highlighted seven stocks with momentum at afternoon market close today. Three stocks show positive momentum, while one stock show negative momentum.

Stocks with positive momentum are:

Solid Automotive Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.95) — gained 1 sen at RM1.80

D&O Green Technologies Bhd ([You must be registered and logged in to see this image.] Valuation: 0.60, Fundamental: 0.75) — down 0.5 sen at 38 sen

XOX Bhd ([You must be registered and logged in to see this image.] Valuation: 0.20, Fundamental: 1.40) — gained 1 sen at 16 sen

Stocks with negative momentum are:

Johore Tin Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.00) — gained 7 sen at RM1.91

Malaysian Resources Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.30) — gained 5 sen at RM1.22

SILK Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.20) gained — 5 sen to 55.5 sen

Teck Guan Perdana Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.15) — gained 16 sen to RM1.52

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.)

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