Stocks With Momentum M-Mode Bhd, Alcom, Fibon, PetronM, Wang Zheng, Kein Hing, D&O, Muda, Careplus, Spring Gallery, Public Packages

by **Cals** Mon 16 Nov 2015, 21:25

Stocks With Momentum

[size=28]M-Mode Bhd, Alcom, Fibon, PetronM, Wang Zheng, Kein Hing, D&O, Muda, Careplus, Spring Gallery, Public Packages

By Supriya Surendran / theedgemarkets.com | November 16, 2015 : 1:29 PM MYT

KUALA LUMPUR (Nov 16): theedgemarkets.com has highlighted eleven stocks with momentum at afternoon market close today. All stocks showed negative momentum.

The stocks with negative momentum were:

M-Mode Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 1.95) up 2.5 sen at 51 sen

Aluminium Company of Malaysia Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 2.25) up 3.5 sen at 75sen

Fibon Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.95) up 2.5 sen at 64 sen

Petron Malaysia Refining & Marketing Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.50) up 17 sen at RM3.37

Wang Zheng Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 2.10) up 5 sen at 74.5 sen

Kein Hing International Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.85) up 8.5 sen at 77.5 sen

D&O Green Technologies Bhd up 1 sen at 42 sen

Muda Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.40) up 8 sen at RM1.70

Careplus Group Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.60) up 1 sen at 59.5 sen

Spring Gallery Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 1.65) up 2 sen at 72.5 sen

Public Packages Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 1.40) up 6.5 sen at RM1.01

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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