Stocks With Momentum Tanco, Sunway, Pharmaniaga, KKB Engineering, Luster, Ideal United Bintang

by **Cals** Wed 29 Apr 2015, 02:09

Stocks With Momentum
Tanco, Sunway, Pharmaniaga, KKB Engineering, Luster, Ideal United Bintang

KUALA LUMPUR (Apr 28): theedgemarkets.com has highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. Four of the stocks show positive momentum while two show negative momentum.
Stocks with positive momentum are:
Tanco Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.55; valuation: 0.9) up one sen at 18.5 sen
Sunway Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.5; valuation: 1.8) up six sen at RM3.90
Pharmaniaga Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.95; valuation: 1.7) up five sen at RM7.51
KKB Engineering Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.5; valuation: 1.4) up 14 sen at RM1.78
Stocks with negative momentum are:
Luster Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.25; valuation: 0.5) up 0.5 sen at 11.5 sen
Ideal United Bintang Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.8; valuation: 0.3) up 0.5 sen at 88 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.
(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. Go to [You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)