Stocks With Momentum Notion VTec, Xidelang, Caring Pharmacy, Abric, Oriental Food, Jaycorp

by **Cals** Thu 30 Jul 2015, 21:55

Stocks With Momentum
Notion VTec, Xidelang, Caring Pharmacy, Abric, Oriental Food, Jaycorp

GEORGE TOWN (July 30): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock shows positive momentum while five stocks show negative momentum.
The stock with positive momentum is:
Notion VTec Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 0.9; fundamental: 1.15) up four sen at 45.5 sen
Stocks with negative 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 18.5 sen
Caring Pharmacy Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: N/A; fundamental: N/A) up three sen at RM1.20
Abric Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 3; fundamental: 1.8) up 1.5 sen at 61 sen
Oriental Food Industries Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 1.1; fundamental: 2.8) up 26 sen at RM6.22
Jaycorp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 2; fundamental: 1.4) up five sen at RM1.05
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.)