Stocks With Momentum Weida, Formosa, MK Land, Dataprep, Damansara Realty

by **Cals** Wed 11 Nov 2015, 00:06

Stocks With Momentum

[size=28]Weida, Formosa, MK Land, Dataprep, Damansara Realty

By Danial Idraki / theedgemarkets.com | November 9, 2015 : 1:40 PM MYT

KUALA LUMPUR (Nov 9): theedgemarkets.com highlighted five stocks at Bursa Malaysia's afternoon market close today. Three stocks showed positive momentum while two displayed negative momentum.

Stocks with positive momentum were:

Weida (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) - up 18 sen at RM1.94

Formosa Prosonic Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.65) - up five sen at 79.5 sen

MK Land Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.25) - down 1.5 sen at 45.5 sen

Stocks with negative momentum were:

Dataprep Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 1.35) - up two sen at 22 sen

Damansara Realty Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.80) - up one sen at 99.5 sen

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.

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(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. Go to [size=15][You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)[/size]

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