Stocks With Momentum Nylex, Ingenco, Opcom, Scan, Careplus, Farlim, PNE PCB, Kumpulan H&L, Prinsiptek

by **Cals** Sat 04 Apr 2015, 01:42

Stocks With Momentum
Nylex, Ingenco, Opcom, Scan, Careplus, Farlim, PNE PCB, Kumpulan H&L, Prinsiptek

By Gho Chee Yuan / theedgemarkets.com | April 3, 2015 : 1:11 PM MYT

KUALA LUMPUR (April 3): [size=12]theedgemarkets.com has highlighted nine stocks with momentum at afternoon market close today. Only one of the stock show positive momentum while eight show negative momentum.

Stocks with positive momentum are:

Nylex (M) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.75; valuation: 1.8) was up 5.5 sen or 9.02% at 66.5 sen.

Stocks with negative momentum are:

Ingenuity Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.95; valuation: 0.9) was up half a sen or 5.88% at nine sen.

Opcom Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.2; valuation: 1.5) was up 11 sen or 9.32% at RM1.29.

Scan Associates Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0; valuation: 0.3) unchanged at 13 sen.

Careplus Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.6; valuation: 1.5) gained three sen or 5.5% at 57.5 sen.

Farlim Group (M) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.95; valuation: 1.2) up half a sen or 0.92% at 55 sen.

PNE PCB Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.85; valuation: 0.6) fell three sen or 2.78% at RM1.05.

Kumpulan H&L High-Tech Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.3; valuation: 3) fell two sen or 1.82% at RM1.08.

Prinsiptek Corporation Bhd (fundamental: 0.55; valuation: 1.2) up one sen or 5.41% at 19.5 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.

(Notes: 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.)
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