Stocks With Momentum Melewar, LB Aluminium, Hiap Teck, M3 Technologies, TRC, Len Cheong

by **Cals** Tue 29 Mar 2016, 04:44

Stocks With Momentum

[size=28]Melewar, LB Aluminium, Hiap Teck, M3 Technologies, TRC, Len Cheong

By Kamarul Anwar / theedgemarkets.com | March 28, 2016 : 1:08 PM MYT

KUALA LUMPUR (March 28): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and four with negative momentum.

The stocks with positive momentum are:

Melewar Industrial Group Bhd – up two sen at 32 sen

LB Aluminium Bhd – up 2.5 sen at 52.5 sen

The stocks with negative momentum are:

Hiap Teck Venture Bhd – down half a sen at 30 sen

M3 Technologies (Asia) Bhd – unchanged at 18 sen

TRC Synergy Bhd – up 2.5 sen at 50 sen

Len Cheong Holding Bhd – up half a sen at 33.5 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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