City Development: Doji! Watch Rebound!

City Development showed a doji candle near the Descending Triangle support. Watch for reversal pattern for a quick long trade with price target $10.00-$10.20 (Triangle resistance). City Development chart is technically bearish. Keep stop loss tight.

See previous analysis on City Development.

2013Dec8-CITYDEV-800x600

Key Statistics for CIT

Current P/E Ratio (ttm) 12.7604
Estimated P/E(12/2013) 15.3365
Relative P/E vs. FSSTI 0.9587
Earnings Per Share (SGD) (ttm) 0.7680
Est. EPS (SGD) (12/2013) 0.6390
Est. PEG Ratio 2.5171
Market Cap (M SGD) 8,911.15
Shares Outstanding (M) 909.30
30 Day Average Volume 630,533
Price/Book (mrq) 1.2250
Price/Sale (ttm) 2.7217
Dividend Indicated Gross Yield 0.82%
Cash Dividend (SGD) 0.0800
Dividend Ex-Date 08/13/2013
5 Year Dividend Growth 0.98%
Next Earnings Announcement 02/28/2014