CIT GROUP
(CIT-NYSE):
Technical Viewpoint: From a low
of $21.00 on May 21, 2003 prices
rallied, reaching a
high of $24.76
on Jun 2, 2003. A
decline saw prices pull back, reaching a
low of
$22.25 on Jun 24, 2003.
Another rally saw prices penetrate
resistance, closing 7/24/03
at $26.55. 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 $24.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 24, 2003. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! CIT GROUP
(CIT-NYSE) @ $26.88 Stop: Use a protective stop of $24.88.
CIT GROUP is currently trading @ $26.55 plus $2.55 on Jul 24, 2003. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $11.13. 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:
$38.00
Risk/Reward:
$2.00 VS. $11.13
Risk/Reward Ratio:
6:1
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