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Stocks With Momentum Cypark, MKH, Tadmax, ML Global
by Cals Tue 05 Apr 2016, 00:38
- Stocks With Momentum
[size=28]Cypark, MKH, Tadmax, ML Global
By Yimie Yong / theedgemarkets.com | April 4, 2016 : 1:03 PM MYTKUALA LUMPUR (April 4): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while two had negative momentum.
Stocks with positive momentum were:
Cypark Resources Bhd – up 9 sen at RM2.01
MKH Bhd – up 9 sen at RM2.67
The stock with negative momentum were:
Tadmax Resources Bhd – up 2.5 sen at 39.5 sen
ML Global Bhd – up 1.5 sen at 62 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.
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