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Stocks With Momentum Kanger, MMC, Melewar

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Stocks With Momentum Kanger, MMC, Melewar

Post by Cals Mon 04 Apr 2016, 02:06

Stocks With Momentum

[size=28]Kanger, MMC, Melewar

By Chen Shaua Fui / theedgemarkets.com | April 1, 2016 : 1:28 PM MYT
KUALA LUMPUR (April 1): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while one had negative momentum.

Stocks with positive momentum were:

Kanger International Bhd - up one sen at 17 sen

MMC Corp Bhd - down three sen at RM2.16

The stock with negative momentum was :

Melewar Industrial Group Bhd - down 0.5 sen at 34.5 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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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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