Stocks With Momentum BIG Industries, Eka Noodles, Len Cheong, Innity, Aturmaju, Voir, AirAsia X

• Stocks With Momentum
  

BIG Industries, Eka Noodles, Len Cheong, Innity, Aturmaju, Voir, AirAsia X

By Kamarul Anwar / theedgemarkets.com   | March 7, 2016 : 1:15 PM MYT


KUALA LUMPUR (March 7): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. None of the stocks had positive momentum, as all had negative momentum.
The stocks with negative momentum are: 
BIG Industries Bhd – down 1.5 sen at 69.5 sen
Eka Noodles Bhd – up 2.5 sen at 23.5 sen
Len Cheong Holding Bhd – down two sen at 29 sen
Innity Corp Bhd – down six sen at 70 sen
Aturmaju Resources Bhd – up one sen at RM1.35
Voir Holdings Bhd – up one sen at 76 sen
AirAsia X Bhd – up 1.5 sen at 31.5 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.