Stocks With Momentum CWorks, PRG, Fiamma, Aturmaju, CCK

by **Cals** Wed 27 Jan 2016, 05:42

Stocks With Momentum

[size=28]CWorks, PRG, Fiamma, Aturmaju, CCK

By Kamarul Anwar / theedgemarkets.com | January 26, 2016 : 1:20 PM MYT

KUALA LUMPUR (Jan 26): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and two with negative momentum.

Stocks with positive momentum were:

CWorks Systems Bhd — up three sen at 53 sen

PRG Holdings Bhd — up five sen at RM1.06

Fiamma Holdings Bhd — up 10 sen at RM2.35

Stocks with negative momentum were:

Aturmaju Resources Bhd — up 3.5 sen at 94.5 sen

CCK Consolidated Holdings Bhd — up nine sen at RM1.21

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.)
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