Stocks With Momentum Sig Gases, Palette, Ta Ann, Eden, Alcom, Samchem, Ideal, Nylex, Pasukhas, Dufu, Weida, JAG, MCT

by **Cals** Tue 17 Nov 2015, 18:17

Stocks With Momentum

[size=28]Sig Gases, Palette, Ta Ann, Eden, Alcom, Samchem, Ideal, Nylex, Pasukhas, Dufu, Weida, JAG, MCT

By Sangeetha Amarthalingam / theedgemarkets.com | November 17, 2015 : 1:44 PM MYT

KUALA LUMPUR (Nov 17): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and 10 with negative momentum.

The stocks with positive momentum are:

Sig Cases Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.60) (valuation: 2; fundamental: 1.6) up 2.5 sen at 65.5 sen

Palette Multimedia Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.25) (valuation: 0.3; fundamental: 1.25) down half sen at 4.5 sen

Ta Ann Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.30) (valuation: 2; fundamental: 2.3) up 11 sen at RM4.20

The stocks with negative momentum are:

Eden Inc ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.15) Bhd (valuation: 0.9; fundamental: 0.15) up one sen at 29 sen

Aluminium Company of Malaysia Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 2.25) (valuation: 1.8; fundamental: 2.25) up four sen at 78 sen

Samchem Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.20, Fundamental: 0.70) (valuation: 2.2; fundamental: 0.7) up 10.5 sen at 90.5 sen

Ideal Sun City Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 3.00) (valuation: 0; fundamental: 3) up two sen at 56 sen

Nylex (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.75) (valuation: 2; fundamental: 0.75) up half sen at 59.5 sen

Pasukhas Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.95) (valuation: 0; fundamental: 0.95) down half sen at 23 sen

Dufu Technology Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.40) (valuation: 1.1; fundamental: 1.4) up 3.5 sen at 40.5 sen

Weida (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) (valuation: 2.4; fundamental: 1.7) up 10 sen at RM2.11

Jag Bhd ([You must be registered and logged in to see this image.] Valuation: 0.60, Fundamental: 1.20) (valuation: 0.6; fundamental: 1.2) flat at 12.5 sen

MCT Bhd (valuation: N/A; fundamental: N/A) up five sen at RM1.26

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.)
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