Stocks With Momentum Asia Media, Comfort, Teck Guan, Dolomite, Tatt Giap, Comintel, Nylex, Careplus, WTK

by **Cals** Fri 18 Dec 2015, 20:42

Stocks With Momentum
Asia Media, Comfort, Teck Guan, Dolomite, Tatt Giap, Comintel, Nylex, Careplus, WTK
By Sangeetha Amarthalingam / theedgemarkets.com | December 18, 2015 : 1:24 PM MYT

KUALA LUMPUR (Dec 18): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and seven with negative momentum.
The stocks with positive momentum are:
Asia Media Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.65) — up 1.5 sen at 14 sen
Comfort Gloves Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 2.10) — up two sen at 97.5 sen
The stocks with negative momentum are:
Teck Guan Perdana Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.15) — up seven sen at RM1.71
Dolomite Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 0.65) — flat at 48.5 sen
Tatt Giap Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.00) — down half sen at 14 sen
Comintel Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 0.55) — up 14.5 sen at 51.5 sen
Nylex (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.75) — up 1.5 sen at 59 sen
Careplus Group Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.45) — up 1.5 sen at 59 sen
WTK Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.65) — up two sen at RM1.34
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.
(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.)