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



For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

CIT Group ( CIT ) Receiving Government Aid?

July 14, 2009 - Shares of CIT Group, Inc. (CIT) are on fire tonight in afterhours as the Wall Street Journal is reporting that the Government might come in and offer some kind of aid for the company.

After trading over 200 million shares in regular trading today, CIT stock is up 21% in after hours to $1.63 on the news.

For Tuesday, 7/14/09, keep an eye on $1.88 which is the 10 day moving average.



Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stock Forum

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free