CIT Makes Bullish Cross Above Critical Moving Average

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In trading on Friday, shares of CIT Group, Inc. (Symbol: CIT) crossed above their 200 day moving average of $48.64, changing hands as high as $48.77 per share. CIT Group, Inc. shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of CIT shares, versus its 200 day moving average: CIT Group, Inc. 200 Day Moving Average Chart

Looking at the chart above, CIT's low point in its 52 week range is $39.46 per share, with $52.72 as the 52 week high point - that compares with a last trade of $48.68.

According to the ETF Finder at ETF Channel, CIT makes up 1.91% of the Guru Index ETF (Symbol: GURU) which is trading lower by about 0.6% on the day Friday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: CIT , GURU

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