Stocks With Momentum

Carimin, Hubline, Icon, Alam, Bright, Frontken, SHL

theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and four with negative momentum.

Stocks with positive momentum were:

Carimin Petroleum Bhd – up three sen at 58 sen

Hubline Group Bhd – up 0.5 sen at 10.5 sen

Icon Offshore Bhd – up one sen at 31.5 sen

Stocks with negative momentum were:

Alam Maritim Resources Bhd – down 0.5 sen at 22.5 sen

Bright Packaging Industry Bhd – up 0.5 sen at 27.5 sen

Frontken Corp Bhd – up two sen at 41.5 sen

SHL Consolidated Bhd – down two sen at RM2.82

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.