Stocks With Momentum -Tex Cycle, Poh Huat, Jaks, Sona

by **Cals** Tue 15 Sep 2015, 18:47

Stocks With Momentum
Tex Cycle, Poh Huat, Jaks, Sona
By Danial Idraki / theedgemarkets.com | September 15, 2015 : 1:19 PM MYT

KUALA LUMPUR (Sept 15): theedgemarkets.com has highlighted four stocks with momentum at afternoon market close today. All four of the stocks show negative momentum.
Stocks with negative momentum are:
Tex Cycle Technology (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 2.25) gained 4.5 sen at 86.5 sen.
Poh Huat Resources Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.10) rose 8 sen at RM2.98.
Jaks Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 0.65) rose 4 sen at 99 sen.
Sona Petroleum Bhd up 0.5 sen at 44 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.
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 [size=15][You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)[/size]