Stocks With Momentum DPS Resources, Seacera, Can-One, Sapura Resources, Instacom

by **Cals** Mon 19 Oct 2015, 18:15

Stocks With Momentum

[size=28]DPS Resources, Seacera, Can-One, Sapura Resources, Instacom

By theedgemarkets.com / theedgemarkets.com | October 19, 2015 : 2:05 PM MYT

KUALA LUMPUR (Oct 19): theedgemarkets.com has highlighted five stocks with momentum at afternoon market close today. All the five stocks showed negative momentum.

The stocks with the negative momentum are:

DPS Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 1.05) — up 10 sen at 12.5 sen

Seacera Group Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 2.30) — up 10 sen at 82 sen

Can-One Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.10) — up 11 sen at RM2.72

Sapura Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.40) — up 1 sen at RM1.13

Instacom Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.25)

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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