Technical Analysis for CIT - CIT Group Inc (DEL)

Grade Last Price % Change $ Change
grade B $43.72 2.48% 1.06
CIT closed up 2.48 percent on Friday, February 17, 2017, on 1.54 times normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical CIT trend table...

Date Alert Name Type % Chg
Feb 17 50 DMA Support Bullish 0.00%
Feb 17 Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Feb 16 50 DMA Support Bullish 2.48%
Feb 16 Spinning Top Other 2.48%
Feb 15 Narrow Range Bar Range Contraction 1.04%
Feb 15 Stochastic Reached Overbought Other 1.04%
Feb 14 Crossed Above 50 DMA Bullish 1.77%
Feb 13 50 DMA Resistance Bearish 2.87%
Feb 13 Shooting Star Candlestick Bearish 2.87%
Feb 13 Doji - Bearish? Reversal 2.87%

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Profile
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, as well as deposit products and savings accounts. The company operates through five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies across various industries, including commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and North American rail car industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of local and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivable management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, and product resellers to deliver financing and leasing solutions to end-user customers. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management, credit protection, financial risk management, import and export financing, letters of credit, insurance, and mergers and acquisition advisory, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is based in New York, New York.
Is CIT a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 43.99
52 Week Low 27.26
Average Volume 1,559,008
200-Day Moving Average 36.9
50-Day Moving Average 42.67
20-Day Moving Average 42.19
10-Day Moving Average 42.36
Average True Range 0.95
ADX 14.74
+DI 28.27
-DI: 26.29
Chandelier Exit (Long, 3 ATRs) 40.89
Chandelier Exit (Short, 3 ATRs) 42.92
Upper Bollinger Band 43.82
Lower Bollinger Band 40.56
Percent B (%b) 0.97
Bandwidth 0.077269