Stocks With Momentum Emas Kiara, Green Packet, Daya Materials, Acoustech, UPA, Oriented Media

by **Cals** Wed 25 Nov 2015, 23:26

Stocks With Momentum

[size=28]Emas Kiara, Green Packet, Daya Materials, Acoustech, UPA, Oriented Media

By Chester Tay / theedgemarkets.com | November 25, 2015 : 1:10 PM MYT

KUALA LUMPUR (Nov 25): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and three with negative momentum.

The stocks with positive momentum are:

Emas Kiara Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.95)— up 4.5 sen at 85.5 sen

Green Packet Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.10)— up 1.5 sen at 27.5 sen

Daya Materials Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.55)— up 0.5 sen at 11 sen

The stock with negative momentum are:

Acoustech Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.50)— fell 1.5 sen at 66.5 sen

UPA Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 2.50)— up three sen at RM2.19

Oriented Media Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 2.25)— up 1.5 sen at 58 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.

(Note: [size=12]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.)[/size]
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