CIT Group Breaks Below 200-Day Moving Average - Notable for CIT

In trading on Friday, shares of CIT Group, Inc. (CIT) crossed below their 200 day moving average of $48.08, changing hands as low as $47.71 per share. CIT Group, Inc. shares are currently trading off about 2.5% on the day. The chart below shows the one year performance of CIT shares, versus its 200 day moving average:

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CIT Group, Inc. 200 Day Moving Average Chart

Looking at the chart above, CIT's low point in its 52 week range is $39.46 per share, with $52.72 as the 52 week high point — that compares with a last trade of $47.95.

According to the ETF Finder at ETF Channel, CIT makes up 1.86% of the SPDR S&P Bank ETF ( KBE) which is trading lower by about 2.4% on the day Friday.

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