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Stocks With Momentum ACB Industries, Minetech Resources, Key Asic, Melewar
by Cals Mon 28 Mar 2016, 00:15
- Stocks With Momentum
[size=28]ACB Industries, Minetech Resources, Key Asic, Melewar
By Supriya Surendran / theedgemarkets.com | March 25, 2016 : 1:21 PM MYTKUALA LUMPUR (March 25): theedgemarkets.com has highlighted four stocks with momentum at afternoon market close today. One stock showed positive momentum and three stocks displayed negative momentum.
The stock with positive momentum was:
FACB Industries Incorporated Bhd up 5 sen to RM1.11
The stocks with negative momentum were
Minetech Resources Bhd up 1 sen to 9 sen
Key Asic Bhd unchanged at 22.5 en
Melewar Industrial Group Bhd up 1 sen to 31.5 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.
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