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Cit Group Inc Bullish Moving Average Crossover Alert (CIT)

By Shiri Gupta

Cit Group Inc (NYSE:CIT) shares have crossed bullishly above their 10-day moving average of $43.67 on a volume of 167K 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.

Cit Group Inc share prices have moved between a 52-week high of $54.02 and a 52-week low of $35.50 and are now trading 24% above that low price at $43.90 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Cit Group Inc and will alert subscribers who have CIT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cit group inc

Ticker(s): CIT