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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.00
Risk/Reward:
$1.50 VS. $8.88
Risk/Reward Ratio:
6:1
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