Technical Analysis Day Trading Review – Another Big win On $CIT
Oct 18, 2008 Day Trading, Technical Analysis
We made another awesome day trade today for our black service members here at TTT.net on CIT which we entered early in the trading session. This was the only trade of the session as there wasn’t much else of interest out there today that i was able to catch at the exact right time where i would want to.
Day Trading Stock Pick – CIT
CIT got slammed thursday on earnings i think it was, i don’t even care what it was or what this company does when it comes to day trading. Its all reltive to price movement and volume. This morning started out with a bang and topped at 3.80 which became our breakout point for a new rally to come later in the session. Once price had consolidated a while and the 13ema trend caught back up with price it was time for entering so i first alerted Black Service members of my interest in the stock and then issued a buy signal in live chat and direct to email.
My price target was $4/share where i sold at 3.99 for a solid 7.25% day trade. This continued to much much higher if you had the stones to wait it out. But i like taking profits quick, ensuring that im always making money and cashing in before it goes away.
Technical Analysis:
Tags: cit, Day Trading, Technical Analysis
