Stocks With Momentum Uchi, A-Rank, Ecofirst, Oriental Food, Thong Guan, Krono, MRCB, Muda, Sapura Resources, XOX, LTKM, Perstima, Eupe, Gadang

by **Cals** Mon 02 Nov 2015, 19:07

Stocks With Momentum

[size=28]Uchi, A-Rank, Ecofirst, Oriental Food, Thong Guan, Krono, MRCB, Muda, Sapura Resources, XOX, LTKM, Perstima, Eupe, Gadang

By Supriya Surendran / theedgemarkets.com | November 2, 2015 : 1:29 PM MYT

KUALA LUMPUR (Nov 2): theedgemarkets.com has highlighted fourteen stocks with momentum at afternoon market close today. All fourteen stocks showed negative momentum.

The stocks with negative momentum were:

Uchi Technologies Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 3.00) up 4 sen at RM1.67

A-Rank Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 1.30) up 2 sen at 53.5 sen

Ecofirst Consolidated Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.10) up 0.5 sen at 28.5 sen

Oriental Food Industries Holdings Bhd up 7 sen at RM1.90

Thong Guan Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.25) up 4 sen at RM2.16

Kronologi Asia Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A) down 1 sen at 22.5 sen

Malaysian Resources Corp Bhd(MRCB) ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.30) up 6 sen at RM1.33

Muda Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.40) up 4 sen at RM1.43

Sapura Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.40) up 6 sen at RM1.46

XOX Bhd ([You must be registered and logged in to see this image.] Valuation: 0.20, Fundamental: 1.40) up 2.5 sen at 33.5 sen

LTKM Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 3.00) up 6 sen at RM1.81

Perusahaan Sadur Timah Malaysia (Perstima) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.35) up 16 sen at RM5.20

Eupe Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.25) up 6.5 sen at 91.5 sen

Gadang Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) up 15 sen at RM1.79

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 momentumgenerally 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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