Stocks With Momentum Asdion, Tekala, Time, Federal Furniture,Green Packet

by **Cals** Tue 08 Dec 2015, 01:43

Stocks With Momentum

[size=28]Asdion, Tekala, Time, Federal Furniture,Green Packet

By Meena Lakshana / theedgemarkets.com | December 7, 2015 : 1:11 PM MYT
KUALA LUMPUR (Dec 7): theedgemarkets.com has highlighted five stocks with momentum at afternoon market close today.

Out of the five stocks, two stocks shows a positive momentum, while three stocks show negative momentum.

The stocks are:

Asdion Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 1.90) (fundamental: 1.9; valuation: 0) up 4.5 sen at 53.5 sen

Tekala Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.20) (fundamental: 1.2; valuation: 0.9) up 4 sen at 47.5 sen

Time Dotcom Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.70) (fundamental: 2.7; valuation: 2.4) down 2 sen at RM7.03

Federal Furniture Holdings (M) ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.30) (fundamental: 1; valuation: 0.5) up 2 sen at 73 sen

Green Packet Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.35) (fundamental: 0.35; valuation: 0) up 1 sen at 30 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. 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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