KUALA LUMPUR (April 10): AllianceDBS Research said Fajarbaru Builder Group Bhd (Fajar) had on April 7 crossed over the 79 sen hurdle to reach an intraday high of 81 sen before closing near the day’s low at 77.5 sen (down 1 sen or 1.27%). In its evening edition last Friday, the research house said Fajar continued to trade above the 20-day and 50-day moving average lines. AllianceDBS Research said stock volume traded on April 7 was 7.05 million shares compared to the 3-month average volume of 2.47 million shares. The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact. It said the relative strength index indicated that the stock was currently in a neutral zone.

Source: The Edge Markets April 09, 2017 21:45 UTC