BUY! CIT GROUP (CIT) NYSE

  Report No. 1809    Analysis by: Harry Aloof     JULY 25, 2003

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

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

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Price Objective:
$38.00 Risk/Reward:
$2.00 VS. $11.13 Risk/Reward Ratio:
6:1
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