Stocks With Momentum Triplc, Press Metal and RHB
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Stocks With Momentum Triplc, Press Metal and RHB
- Stocks With Momentum
[size=28]Triplc, Press Metal and RHB
By Supriya Surendran / theedgemarkets.com | June 29, 2016 : 1:11 PM MYTKUALA LUMPUR (June 29): theedgemarkets.com has highlighted three stocks with momentum at afternoon market close today. Two stocks displayed positive momentum while one stock had negative momentum
The stocks with positive momentum were:
Triplc Bhd up 7 sen to RM2.07
Press Metal Bhd up 13 sen to RM3.56
The stock with negative momentum was:
RHB Bank Bhd up 16 sen to RM 5
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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