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Stocks Showing Rising Market Leadership: CIT Group Earns 81 RS Rating

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CIT Group ( CIT ) had its Relative Strength ( RS ) Rating upgraded from 73 to 81 Thursday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.

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CIT Group is now considered extended and out of buy range after clearing a 50.40 buy point in a first-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

EPS growth decreased last quarter from 89% to 60%, but sales rose from -5% to 38%.

CIT Group holds the No. 3 rank among its peers in the Finance-Commercial Loans industry group. ( ESQ ) is the top-ranked stock within the group.

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


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

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