• Return to Headlines

Bullish Moving Average Cross by CIT Group (CIT)

By Nick Russo

CIT Group (NYSE:CIT) shares have crossed bullishly above their 10-day moving average of $31.48 on a volume of 177K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, CIT Group has traded in a range of $25.19 to $49.27 and is now at $31.91, 27% above that low. The 200-day and 50-day moving averages have moved 0.76% lower and 1.08% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in CIT Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CIT Group in search of a potential trend change.

Keywords: moving crosses CIT Group

Ticker(s): CIT