Stocks With Momentum Kretam, Technodex, A-Rank, Menang, Advance Packaging, Minho, TMC Life, LB Aluminium, Classic Scenic, Tropicana

• Stocks With Momentum
  

Kretam, Technodex, A-Rank, Menang, Advance Packaging, Minho, TMC Life, LB Aluminium, Classic Scenic, Tropicana

By Sangeetha Amarthalingam / theedgemarkets.com   | July 18, 2016 : 1:21 PM MYT


KUALA LUMPUR (July 18): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon market close today. Four showed positive momentum and six with negative momentum.
The stocks with positive momentum are:
Kretam Holdings Bhd up half sen at 59 sen
Technodex Bhd down half sen at 15 sen
A-Rank Bhd up two sen at 88 sen
Menang Corp (M) Bhd up 7.5 sen at 97 sen
The stocks with negative momentum are:
Advance Packaging Technology (M) Bhd up eight sen at RM2.19
Minho (M) Bhd up 12 sen at RM1.78
TMC Life Sciences Bhd up one sen at 89 sen
LB Aluminium Bhd up two sen at 65 sen
Classic Scenic Bhd up six sen at RM1.46
Tropicana Corp Bhd up one sen at RM1.08
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.)