Chart of CDR with Trend Line and Fib Retracement (click to enlarge)
CDR a REIT company owns, opearates and develops, and redevelops supermarket and drug store anchored convenience centers mostly on the east coast. As of 12/31/07 it owned 118 properties. CDR was founded in 1984 and located in Port Washington, NY. Since the near term high on April 6 of 6.17 the stock has been in a downtrend. Today the stock traded over 3x’s volume and was up over 6% today but saw heavy resistance at 5.62. Look for the stock to breakout above 5.78 for a buy confirmation. Look for the stock to see some resistance at $6.10 that is a 5.5% move to the upside. CDR closed above the 23.6% fib retracement
and higher than yesterdays high. Keep a careful eye on the stock once it breaks resistance
for the move to 6.10.