A potential Triple Tops chart pattern is observed on City Development Daily chart. Neckline is at about $10.77. Price target for this breakdown is about $10.12. Triple Tops is a Reversal Chart Pattern. Weekly candles are showing Bearish Engulfing pattern after rejected at 50% FR, 2W EMA is crossing down 5W EMA. Both daily and weekly charts are showing bearish signal. Looks like a potential stock to short next week!
Caution: XD on April 30, 2012.