CIT Group (CIT) NewsBite - CIT Warns About Failure

Posted: Monday, July 13, 2009 10:53 AM EDT

CIT Group (CIT) was covered in a Bloomberg Video Report today and the stock is now at $1.21, down $0.32 (-20.92%) on volume of 53,141,656 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $1.13 to a high of $13.00. CIT Group stock has been showing support around $.96 and resistance in the $1.86 range. Technical indicators for the stock are neutral and S&P gives CIT a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for CIT. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (CIT)