City Developments (OTCMKTS:CDEVY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of City Developments Limited (OTCMKTS:CDEVYGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.86 and traded as low as $3.72. City Developments shares last traded at $3.73, with a volume of 7,346 shares trading hands.

City Developments Stock Down 1.4 %

The company’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $3.95.

About City Developments

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City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

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