Stocks With Momentum Kein Hing, Comfort Gloves, Halex, Chin Well, Tek Seng, Comintel, Federal Furniture, Golden Pharos, MyEG

• Stocks With Momentum
  

Kein Hing, Comfort Gloves, Halex, Chin Well, Tek Seng, Comintel, Federal Furniture, Golden Pharos, MyEG

By Yimie Yong / theedgemarkets.com   | December 17, 2015 : 1:17 PM MYT   
[size=16]KUALA LUMPUR (Dec 17): theedgemarkets.com highlighted nine stocks at afternoon market close today.
Three stocks showed positive momentum, while six showed negative momentum.
The stocks with positive momentum were :
[size=16]Kein Hing International Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.85)— up 13.5 sen at 80 sen
Comfort Gloves Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 2.10) — up 3 sen at 98.5 sen
Halex Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.75)— up 4.5 sen at 73 sen
Stocks with negative momentum were :
Chin Well Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.40)— up 13 sen at RM1.89
Tek Seng Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 0.60) — up 4.5 sen at 96 sen
Comintel Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 0.55) — up 3.5 sen at 37 sen
Federal Furniture Holdings (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.30) — up 1.5 sen at 74.5 sen
Golden Pharos Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.95) — up 4 sen at 46 sen
My E.G. Services Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.30) — up 12 sen at RM3.81
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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