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Cit Group Inc Bearish Moving Average Crossover Alert (CIT)

By Nick Russo

Today, shares of Cit Group Inc (NYSE:CIT) have crossed bearishly below their 10-day moving average of $54.34 on a volume of 1.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cit Group Inc share prices have moved between a 52-week high of $56.14 and a 52-week low of $43.25 and are now trading 22% above that low price at $52.77 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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

Keywords: moving crosses cit group inc

Ticker(s): CIT