Stocks With Momentum Anzo, AAX, Len Cheong, Aturmaju, Perwaja and EKA

by **Cals** Sat 05 Mar 2016, 03:09

Stocks With Momentum

[size=28]Anzo, AAX, Len Cheong, Aturmaju, Perwaja and EKA

By Gho Chee Yuan / theedgemarkets.com | March 4, 2016 : 1:04 PM MYT

KUALA LUMPUR (March 4): theedgemarkets.com has highlighted six stocks with momentum at afternoon market close today. Three stocks showed positive momentum and another three stocks displayed negative momentum.

The stocks with positive momentum were:

Anzo Holdings Bhd gained one sen or 3.77% to settle at its one year high of 27.5 sen.

AirAsia X Bhd rose one sen or 3.51% to trade at 29.5 sen.

Len Cheong Holding Bhd up two sen or 7.02% to 30.5 sen.

The stocks with negative momentum were:

Aturmaju Resources Bhd, up three sen or 2.29% at RM1.34.

Perwaja Holdings Bhd added two sen or 16.67% at 14 sen.

Eka Noodles Bhd up marginal by 0.5 sen or 2.44% to 21 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 momentumgenerally 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.
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