Stocks With Momentum Luxchem, Spritzer, Tien Wah, CSC Steel, Classic Scenic

by **Cals** Wed 24 Feb 2016, 03:47

Stocks With Momentum

[size=28]Luxchem, Spritzer, Tien Wah, CSC Steel, Classic Scenic

By Surin Murugiah / theedgemarkets.com | February 23, 2016 : 1:19 PM MYT

KUALA LUMPUR (Feb 23): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and four with negative momentum.

The stock with positive momentum is:

Luxchem Corporation Bhd (valuation: 1.70; fundamental: 2.10) up 7 sen at RM1.89

The stocks with negative momentum are:

Spritzer Bhd (valuation: 1.40; fundamental: 2.10) unchanged at RM2.36

Tien Wah Press Holdings Bhd (valuation: 2.00; fundamental: 1.80) up 13 sen at RM3.14

CSC Steel Holdings Bhd (valuation: 1.2; fundamental: 1.2) up three sen at RM1.27

Classic Scenic Bhd (valuation: 1.40; fundamental: 2.25) up half a sen to 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.)
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