Stocks With Momentum Yoong Onn, Yong Tai, Oceancash, Guocoland, SHL, Xian Leng, TPC, Leweko

by **Cals** Tue 04 Aug 2015, 19:22

Stocks With Momentum
Yoong Onn, Yong Tai, Oceancash, Guocoland, SHL, Xian Leng, TPC, Leweko

KUALA LUMPUR (Aug 4): theedgemarkets.com has highlighted eight stocks with momentum at afternoon market close today. Two stocks shows positive momentum while six stocks show negative momentum.
The stock with the positive momentum is :
Yoong Onn Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)(fundamental:2.8; valuation: 1.8) up 3 sen at RM1.08
Yong Tai Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0; valuation :0) down 4.5 sen at 73.5 sen
Stocks with negative momentum were:
Oceancash Pacific Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental:1; valuation: 0.8) up 2 sen at 41.5 sen
Guocoland (M) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental:0.85; valuation: 1.2) up 5 sen at RM1.38
SHL Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental:3; valuation: 2) unchanged at RM3.37
Xian Leng Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental:1.35; valuation: 0.9) up 2.5 sen at 65.5 sen
TPC Plus Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental:0.75; valuation: 0.2) down 2 sen at 59.5 sen
Leweko Resources Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental:0.35; valuation: 0.9) up 1 sen at 19.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in tradingvolume 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 momentumgenerally 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.)