Stocks With Momentum SCGM, Asdion, Spring Gallery

by **Cals** Tue 16 Jun 2015, 20:54

Stocks With Momentum
SCGM, Asdion, Spring Gallery

KUALA LUMPUR (June 16): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia's afternoon market close today. One stock shows positive momentum while two stocks show negative momentum.
The stock with positive momentum is :
SCGM Bhd (fundamental: 3; valuation: 1.7) up five sen at RM3.23
Stocks with negative momentum are :
Asdion Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental:0.95; valuation: 0) up six sen at RM1.36
Spring Gallery Bhd (fundamental: 2.4; valuation: 0.3) up one sen at 69 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.)