Stocks With Momentum Tatt Giap, NWP, Alcom, Spritzer, Asia Poly, Wang-Zheng, LB Aluminium, Unimech, AWC

• Stocks With Momentum
  

Tatt Giap, NWP, Alcom, Spritzer, Asia Poly, Wang-Zheng, LB Aluminium, Unimech, AWC

By Yimie Yong / theedgemarkets.com   | April 22, 2016 : 1:25 PM MYT

KUALA LUMPUR (April 22): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stock with positive momentum and eight with negative momentum.
The stock with positive momentum was :
Tatt Giap Group Bhd – up two sen at 13 sen
Stocks with negative momentum were:
NWP Holdings Bhd – up 2.5 sen at 35.5 sen
Aluminium Co of Malaysia Bhd – up 2.5 sen at 83 sen
Spritzer Bhd – down 12 sen at RM2.58
Asia Poly Holdings Bhd – up one sen at 28 sen
Wang-Zheng Bhd – up three sen at 79 sen
LB Aluminium Bhd – up 1.5 sen at 58.5 sen
Unimech Group Bhd – down three sen at RM1.30
AWC Bhd – up two sen at 51.5 sen
The list of stocks with momentum is generated using a propriety 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.