Stocks With Momentum Xidelang, Taliworks, KAF, Jaycorp, BTM Resources

by **Cals** Thu 30 Jul 2015, 01:07

Stocks With Momentum
Xidelang, Taliworks, KAF, Jaycorp, BTM Resources

KUALA LUMPUR (July 29): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks show positive momentum while three stocks show negative momentum.
Stocks with positive momentum are:
Xidelang Holdings Ltd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 1.5; fundamental: 1.3) up one sen at 18 sen
Taliworks Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 2.4; fundamental: 1.3) up 13 sen at RM3.88
Stocks with negative momentum are:
KAF-Seagroatt & Campbell Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 2; fundamental: 1.45) up nine sen at RM1.94
Jaycorp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 2.6; fundamental: 1.4) up six sen at 96.5 sen
BTM Resources Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 0.3; fundamental: 1.65) up 1.5 sen at 35 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.)