CIT Makes Bullish Cross Above Critical Moving Average
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:
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.