BUY! CIT GROUP (CIT) NYSE

  Report No. 1750    Analysis by: Harry Aloof     APRIL 30, 2003

CIT GROUP (CIT-NYSE): Technical Viewpoint: From a low of $16.08 on Mar 12, 2003 prices rallied, reaching a high of $19.25 on Mar 21, 2003. A decline saw prices pull back, reaching a low of $16.72 on Mar 31, 2003. Another rally saw prices penetrate resistance, closing 4/29/03 at $19.87. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 17, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $18.75. Resistance: Is at $21.01. Point & Figure: Reversed to the upside on Apr 23, 2003. A P&F upside reversal takes place at $18.90. Summary: Technical indicators have turned bullish. BUY! CIT GROUP (CIT-NYSE) @ $20.13 Stop: Use a protective stop of $18.63. CIT GROUP is currently trading @ $19.87 plus $0.86 on Apr 29, 2003. Price Objective: $29.00. Risk/Reward: $1.50 VS. $8.88. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$29.00 Risk/Reward:
$1.50 VS. $8.88 Risk/Reward Ratio:
6:1
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