Stocks With Momentum PJ Development, Berjaya Media

Stocks With Momentum
PJ Development, Berjaya Media

KUALA LUMPUR (Aug 14): theedgemarkets.com has highlighted two stocks with momentum at afternoon market close today.
PJ Development Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and Berjaya Media Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) both showed negative momentum.
PJ Development Bhd (fundamental: 1.9; valuation: 3.0) is unchanged at RM1.55 with 604,004 shares traded.
Meanwhile Berjaya Media Bhd (fundamental: 1.65; valuation: 0.3) is down by 1.5 sen or 3.45% at 42 sen with 19,000 shares traded.
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.] details on a company’s financial dashboard.)