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Tuesday, October 5, 2010

Starhub hitting target $2.70 with vigour MACD over Signal Line

The MACD line is significantly over the Signal line for Starhub. Reaching closer to the target price of $2.70 before the 4th Quarter of 2010.

See this chart above. Within 1 year, the stock movement has gone progressively higher and the upbeat is strong. The target price would have been achieved earlier if not for that fierce correction.

Essentially Starhub has grown 35% (2.70 div average 2.00 price a year ago). And have been consistently paying high quarterly dividends. An impressive record and always a buy and hold recommendation for this super stock.

Starhub Website -

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