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Stocks With Momentum Spring Gallery, NWP Holdings, JKG Land, Litrak, Plastrade, Selangor Dredging

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Stocks With Momentum Spring Gallery, NWP Holdings, JKG Land, Litrak, Plastrade, Selangor Dredging

Post by Cals Thu 28 Apr 2016, 03:13

Stocks With Momentum

[size=28]Spring Gallery, NWP Holdings, JKG Land, Litrak, Plastrade, Selangor Dredging

By Sangeetha Amarthalingam / theedgemarkets.com | April 27, 2016 : 1:21 PM MYT

KUALA LUMPUR (April 27): 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:

Spring Gallery Bhd down 15 sen at RM1.08

NWP Holdings Bhd up 7.5 sen at 56.5 sen

The stocks with negative momentum are:

JKG Land Bhd up half sen 21.5 sen

Lingkaran Trans Kota Holdings Bhd flat at RM5.30

Plastrade Technology Bhd down one sen at 18.5 sen

Selangor Dredging Bhd up one sen at RM1.01

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.

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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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