Stocks With Momentum O&C, Notion, Ajinomoto, 3-A, AEMulti, M3-Technologies, AISB

by **Cals** Thu 19 May 2016, 23:41

Stocks With Momentum

[size=28]O&C, Notion, Ajinomoto, 3-A, AEMulti, M3-Technologies, AISB

By Christina Ramani / theedgemarkets.com | May 19, 2016 : 1:26 PM MYT

KUALA LUMPUR (May 19): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed two stocks with positive momentum and five stocks with negative momentum.

Stocks with positive momentum were:

O&C Resources Bhd – unchanged at 57.5 sen

Notion VTEC Bhd – unchanged at 42 sen

Stocks with negative momentum were:

Ajinomoto Malaysia Bhd – unchanged at RM12.9

Three-A Resources Bhd – unchanged at RM1.24

AE Multi Holdings Bhd – unchanged at 14 sen

M3 Technologies (Asia) Bhd – unchanged at 26 sen

Amalgamated Industrial Steel Bhd – unchanged at 36.5 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
[/size]