- CIT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $50.2 million.
- CIT has traded 895,802 shares today.
- CIT is trading at 2.18 times the normal volume for the stock at this time of day.
- CIT crossed below its 200-day simple moving average.
'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend. EXCLUSIVE OFFER: Get the inside scoop on opportunities in CIT with the Ticky from Trade-Ideas. See the FREE profile for CIT NOW at Trade-Ideas More details on CIT: CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The stock currently has a dividend yield of 1.3%. CIT has a PE ratio of 8. Currently there are 7 analysts that rate CIT Group a buy, no analysts rate it a sell, and 3 rate it a hold.