Stocks With Momentum Instacom, D&O, Boustead Heavy

• Stocks With Momentum
  

Instacom, D&O, Boustead Heavy

By Meena Lakshana / theedgemarkets.com   | September 29, 2015 : 1:35 PM MYT

KUALA LUMPUR (Sept 29): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia's afternoon market close today.
Two stocks show positive momentum while one shows negative momentum.
The stocks with positive momentum are:
Instacom Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.25) — up two sen at 17.5 sen
D&O Green Technologies Bhd ([You must be registered and logged in to see this image.] Valuation: 0.60, Fundamental: 0.75) — down two sen at 35 sen
The stock with negative momentum is :
Boustead Heavy Industries Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.45) — unchanged at RM2.19
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.] for details on a company’s financial dashboard.)