Stocks With Momentum Raya, Kanger, NWP, Tong Herr, Mexter, JHM

by **Cals** Mon 30 May 2016, 23:23

Stocks With Momentum

[size=28]Raya, Kanger, NWP, Tong Herr, Mexter, JHM

By Christina Ramani / theedgemarkets.com | May 30, 2016 : 1:06 PM MYT

KUALA LUMPUR (May 30): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed three stocks with positive momentum and three stocks with negative momentum.

Stocks with positive momentum were:

Raya International Bhd – unchanged at 33.5 sen

Kanger International Bhd – unchanged at 30.5 sen

NWP Holdings Bhd – unchanged 39 sen

Stocks with negative momentum were:

Tong Herr Resources Bhd – unchanged at RM2.09

Mexter Technology Bhd – unchanged 16.5 sen

JHM Consolidation Bhd – unchanged at 70 sen

The list of stocks with momentum is generated using a propriety 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.
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