Stocks With Momentum Protasco, ML GLobal, Tadmax, Melewar, Tenaga-C19, Kanger, Ann Joo

by **Cals** Wed 06 Apr 2016, 01:12

Stocks With Momentum

[size=28]Protasco, ML GLobal, Tadmax, Melewar, Tenaga-C19, Kanger, Ann Joo

By Sangeetha Amarthalingam / theedgemarkets.com | April 5, 2016 : 2:09 PM MYT

KUALA LUMPUR (April 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and six with negative momentum.

The stock with positive momentum was :

Protasco Bhd - up one sen at RM1.60

Stocks with negative momentum were :

ML Global Bhd - up 2.5 sen at 63.5 sen

Tadmax Resources Bhd - unchanged at 39.5 sen

Melewar Industrial Group Bhd - down 0.5 sen at 36 sen

Tenaga-C19 - up one sen at 9.5 sen

Kanger International Bhd - up one sen at 18.5 sen

Ann Joo Resources Bhd - up 2.5 sen at 93.5 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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