Boustead has value for investors and has excitement for traders

The Boustead chart above is captured on 2nd December 2010.
Current price is about 5.50
Even at this price I think, it is still a good long term buy for investors who fancy stocks that pay attractive dividend on a regular basis. It has just declared a single tier 12 sen dividend which will go ex on 14th December 2010. This is the third dividend declared in as many quarters. First and second quarter dividends are 5 sen (single tier) and 10 sen (single tier) respectively making a total of 27 sen dividend so far. I expect Boustead will declare a final dividend in 3 months time.
Chartwise it has climbed from about 4.29 level (24 Sept 2010) to a recent peak of 6.05 (26 Oct 2010)
On 24 th November 2010 it had retraced slightly more than 50% to 5.08.
Currently it resumes its uptrend move . It should be able to go higher from here and if the 6.05 level of resistance is broken it may climb even higher

The above opinion is mine and if ever you use the info for investment or trading you need to take you own risk..