Stocks With Momentum Spritzer, Farm’s Best, CWorks, NTPM

by **Cals** Thu 21 Jan 2016, 18:18

Stocks With Momentum

[size=28]Spritzer, Farm’s Best, CWorks, NTPM

By Supriya Surendran / theedgemarkets.com | January 21, 2016 : 1:24 PM MYT

KUALA LUMPUR (Jan 21): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum, while another two displayed negative momentum.

Stocks with positive momentum were:

Spritzer Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 1.40) — up five sen at RM2.40

Farm’s Best Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) — up three sen at 74.5 sen

Stocks with negative momentum were :

CWorks Systems Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 2.25) — unchanged at 49.5 sen

NTPM Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.30) — up 1.5 sen at 99 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.)
[/size]