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Cit Group Inc Bullish Moving Average Crossover Alert (CIT)

By David Diaz

Cit Group Inc (NYSE:CIT) shares have crossed bullishly above their 10-day moving average of $17.00 on a volume of 365K shares. This may provide swing traders with an opportunity 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 $12.02 and are now trading 57% above that low price at $18.84 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 8.2%.

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