StarHub stock charts broke up the 20D MA and currently testing the 50D MA resistance at $2.04 with a spike in volume. The stock price is still below 200D MA. Immediate support is at $2.01.
Summary of Analysts' Rating on StarHub:
Wednesday, November 11, 2009
StarHub - Raised its Quarterly Dividend from 4.5 cents to 5 cents
StarHub closed at $2.04 with a long opening marubozu candle (bullish candle) today after reported 3rd quarter result and raised its quarterly dividend from 4.5 cents to 5 cents, implied a Dividend Yield of 9.8%. The increase in quarterly dividend comes as a surprise because there is a concern over StarHub's ability to sustain its earning and cash flow on its recent loss of BPL (Barclay Premier League) broadcasting right.
StarHub stock charts broke up the 20D MA and currently testing the 50D MA resistance at $2.04 with a spike in volume. The stock price is still below 200D MA. Immediate support is at $2.01.
Summary of Analysts' Rating on StarHub:
StarHub stock charts broke up the 20D MA and currently testing the 50D MA resistance at $2.04 with a spike in volume. The stock price is still below 200D MA. Immediate support is at $2.01.
Summary of Analysts' Rating on StarHub:
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Hi,
ReplyDeleteI refer to your chart on Starhub. Should it be "StarHub stock charts broke the 50D MA and currently testing the 200D MA" instead of the other way round?
Thanks,
oinkoink
Oinkoink,
ReplyDeleteThanks for pointing out the typo. I get it amended. Actually 20D MA and 50D MA are running below 200D. The stock price broke up 20D MA resistance and testing 50D MA. The stock price is still under 200D MA.
regards
Marubozu