Stocks With Momentum Anzo, Palette, KPS EKA, HSL, Kerjaya Prospek, Mikro MSC

by **Cals** Tue 22 Mar 2016, 01:36

Stocks With Momentum

[size=28]Anzo, Palette, KPS EKA, HSL, Kerjaya Prospek, Mikro MSC

By Billy Toh / theedgemarkets.com | March 21, 2016 : 1:16 PM MYT

KUALA LUMPUR (March 21): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and the other six with negative momentum.

The stock with positive momentum is:

Anzo Holdings Bhd – up 1.5 sen at 31.5 sen

The stocks with negative momentum are:

Palette Multimedia Bhd – up 0.5 sen at 6 sen

KPS Consortium Bhd – down 0.5 sen at 63.5 sen

EKA Noodles Bhd – unchanged at 24.5 sen

Hock Seng Lee Bhd – up 1 sen at RM2.11

Kerjaya Prospek Group Bhd – up 2 sen at RM1.73

Mikro MSC Bhd – up 0.5 sen at 54.5 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 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.

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