Stocks With Momentum BTM Resources, Denko, Pensonic, Idimension, SYF Resources

by **Cals** Tue 28 Jul 2015, 19:35

Stocks With Momentum
BTM Resources, Denko, Pensonic, Idimension, SYF Resources

KUALA LUMPUR, (July 28): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks show positive momentum while two stocks show negative momentum.
Stocks with positive momentum are:
BTM Resources Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.65; valuation: 0.3) up 2 sen at 31 sen
Denko Industrial Corporation ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.8; valuation: 0.9) up 1.5 sen at 42.5 sen
Pensonic Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.1; valuation: 2.4) up 1.5 sen at 61.5 sen
Stocks with negative momentum are:
Idimension Consolidated Bhd (fundamental: 1.45; valuation: 0.3) up 1 sen at 13.5 sen
SYF Resources Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.8; valuation: 1.5) remain unchanged at 55 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.
(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.)