Stocks With Momentum UOA Development, AmanahRaya REIT, MMS, Ivory, Goodway, SLP, Iskandar Waterfront

by **Cals** Fri 15 Jul 2016, 00:42

Stocks With Momentum

[size=28]UOA Development, AmanahRaya REIT, MMS, Ivory, Goodway, SLP, Iskandar Waterfront

By Kamarul Anwar / theedgemarkets.com | July 14, 2016 : 1:18 PM MYT

KUALA LUMPUR (July 14): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks had positive momentum while four had negative momentum.

Stocks with positive momentum were:

UOA Development Bhd – down 14 sen at RM2.35

AmanahRaya Real Estate Investment Trust – unchanged at 92 sen

MMS Ventures Bhd – up 1.5 sen at 15 sen

Stocks with negative momentum were:

Ivory Properties Group Bhd – up 1.5 sen at 46 sen

Goodway Integrated Industries Bhd – up 2.5 sen at 41 sen

SLP Resources Bhd – unchanged at RM3

Iskandar Waterfront City Bhd – up 0.5 sen at 99.5 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.
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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