CIT Group Inc. CIT Stock Analysis

CIT Group Inc. stock trades under the ticker CIT & is a member of the Specialty Finance Industry.

CIT stock closed at $53.60/share, after showing recent bullishness that traders should take interest in.

CIT Group Inc. CIT Stock’s Technical Performance Broken Down

CIT Group Inc. CIT Stock Technical Performance For The Last Year

CIT Stock Price: $53.60

10 Day Moving-Average: $51.39

50 Day Moving-Average: $51.70

200 Day Moving-Average: $48.16

RSI: 58.4

MACD: -0.077

Yesterday, CIT completed a bullish MACD crossover after completing bullish 10 & 50 Day Moving-Average crossovers the week prior.

CIT looks to have bullish momentum to continue pushing it higher, with its next test coming at the ~$54.66 level.

There looks to be another bump higher on the horizon as the 10 Day Moving Average is .6% below the 50 day, poised to break through it bullishly soon.

CIT Group Inc. CIT Stock As A Long-Term Investment

CIT stock has many attributes that investors should find appealing.

From a valuation perspective, their P/E(ttm) of 8.44 & P/B of 0.91 are very fair.

CIT’s Quarterly Revenue Growth (Y-o-Y) is 112%, and almost 96% of their shares are held by institutional investors (95.9%).

CIT has Total Cash (mrq) of $5.66B with Total Debt (mrq) of $6.14B, which is much better than most other companies.

Tying in their 2.62% Dividend Yield with a 23.4% Payout Ratio, and there looks to be a lot of great investment opportunity in CIT.

CIT Group Inc. CIT Stock As A Short-Term Trade Using Options

I am looking at CIT options, eyeing the 10/15 expiration date.

From the calls perspective, the $50 strike price looks good, being in-the-money & much more liquid than the $55 contracts; although the $55’s also look appealing if this momentum continues.

Overall sentiment on CIT stock looks bullish, as the Open Interest on the 10/15 puts is near nonexistent compared to the calls.

With that said, the $55 strike puts are currently looking like the best option.

Tying It All Together

Overall, CIT Group Inc. stock has many opportunities in the near & long-term.

In the near-term, momentum looks set to continue powering their share price higher over the coming weeks.

In the long-run, CIT stock’s fundamentals are appealing, and their Dividend Yield looks very safe.

Traders & investors alike will both find CIT Group Inc. stock worth taking a closer look at to see if they are a good fit for their trading strategy.

*** I DO NOT OWN SHARES OF CIT STOCK ***

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