City Development: Technically Bearish

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City Development is technically bearish because the share is current trading below 200D SMA. The share is facing tough resistance of 20D SMA and also forming a “Lower High, Lower Low” down trend pattern. The 20D SMA is going to cross down 200D SMA in the next few sessions which may bring in more sellers who are watching for this Dead Cross.

  • Current Price = $10.09
  • Current PE = 11.49
  • Rolling PE = 13.63
  • Dividend Yield = 0.79%
  • Beta (75 days) = 1.14

Things to watch:

  • The Dead Cross
  • Whether the 20D SMA continues to be the tough Resistance
  • 2/5 EMA crossover on daily and weekly chart

Previous post on CDL.


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