Stocks With Momentum AWC, TPC Plus, MAA, Hiap Teck, NWP
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Stocks With Momentum AWC, TPC Plus, MAA, Hiap Teck, NWP
- Stocks With Momentum
[size=28]AWC, TPC Plus, MAA, Hiap Teck, NWP
By Christina Ramani / theedgemarkets.com | April 28, 2016 : 1:33 PM MYTKUALA LUMPUR (April 28): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed two stocks with positive momentum and three stocks with negative momentum.
Stocks with positive momentum were:
AWC Bhd – flat at 57.5 sen
TPC Plus Bhd – flat at 45.5 sen
Stocks with negative momentum were:
MAA Group Bhd – flat at RM1.06
Hiap Teck Venture Bhd – up 0.5 sen at 47.5 sen
NWP Holdings Bhd – flat at 53 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.
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