Stocks With Momentum JTiasa, Favelle, Rubberex, Guan Chong, Tanah Makmur, Fututech, Supermax, ES Ceramics, Naim, See Hup, Dominant, Jerasia

by **Cals** Fri 08 Jan 2016, 00:08

Stocks With Momentum

[size=28]JTiasa, Favelle, Rubberex, Guan Chong, Tanah Makmur, Fututech, Supermax, ES Ceramics, Naim, See Hup, Dominant, Jerasia

By Yimie Yong / theedgemarkets.com | January 7, 2016 : 1:13 PM MYT

KUALA LUMPUR (Jan 7): [size=15]theedgemarkets.com has highlighted 12 stocks with momentum at afternoon market close today. One stock showed positive momentum and 11 stocks displayed negative momentum.[/size]

The stocks with positive momentum were:

Jaya Tiasa Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.30) — down 3 sen at RM1.76

The stocks with negative momentum were:

Favelle Favco Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) — up 8 sen at RM3.08

Rubberex Corp (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 1.00) — up 2 sen at 93.5 sen

Guan Chong Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 0.35) — up 9 sen at RM1.40

Tanah Makmur Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A) — down 6 sen at RM1.49

Fututech Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 2.60)— up 7 sen at RM1.68

Supermax Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 1.00) — down 8 sen at RM3.37

ES Ceramics Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 1.95)— up 3.5 sen at 50.5 sen

Naim Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.00)— up 13 sen at RM2.73

See Hup Consolidated Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 0.75) — unchanged at RM1.16

Dominant Enterprise Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 0.60) — up 3 sen at RM1.20

Jerasia Capital Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 0.60) — up 2 sen at 83.5 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 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: [size=12]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.)[/size]
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