Stocks With Momentum StemLife, TPC, Petron, Green Packet, CAB Cakaran, Resintech, SWS, Genetec, Fajarbaru

by **Cals** Sat 05 Dec 2015, 00:06

Stocks With Momentum

[size=28]StemLife, TPC, Petron, Green Packet, CAB Cakaran, Resintech, SWS, Genetec, Fajarbaru

By Chester Tay / theedgemarkets.com | December 4, 2015 : 1:22 PM MYT

KUALA LUMPUR (Dec 4): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and six with negative momentum.

Stocks with positive momentum were:

StemLife Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 1.95) — unchanged at 45 sen

TPC Plus Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 0.75) — up four sen at 63 sen

Petron Malaysia Refining & Marketing Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.50) — up 12 sen at RM4.40

Stocks with negative momentum were:

Green Packet Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.35) — up one sen at 28.5 sen

CAB Cakaran Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.55) — up 12 sen at RM1.63

Resintech Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 1.00) — up 0.5 sen at 39.5 sen

SWS Capital Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.75) — up 14 sen at RM1.37

Genetec Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.70) — down one sen at 29.5 sen

Fajarbaru Builder Group Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 1.55) — down 0.5 sen at 54 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.

(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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