CIT Group and IndyMac to Merge?

September 29, 2009 - Shares of CIT Group, Inc. (CIT) are exploding in pre market this morning on the rumor that CIT and IndyMac could potentially merge. CIT Group, Inc. ( CIT ) stock is Up 23% to $2.05.

Looking at the chart, CIT is breaking above the $1.84 & $1.86 highs from the past three months. The next major resistance area I see would be between $2.25-$2.50

CIT Merger Article



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