Hudson City Bancorp Looks to Continue to Trade Below its Annual-Low Share Price TodayPublished on Thu, 09/22/2011 - 14:14 By Robert Cotter in 52 Week high-lows, HCBK, 52 week high/lows, hudson city bancorp, nasdaq:hcbk
Shares of Hudson City Bancorp (NASDAQ:HCBK) traded today at $5.33, breaking its 52-week low. Approximately 5.7 million shares have changed hands today, as compared to an average 30-day volume of 6 million shares.
There is potential upside of 59.7% for shares of Hudson City Bancorp based on a current price of $5.52 and an average consensus analyst price target of $8.82. Hudson City Bancorp shares should first meet resistance at the 50-day moving average (MA) of $6.75 and find additional resistance at the 200-day MA of $9.39.
In the past 52 weeks, shares of Hudson City Bancorp have traded between the current low of $5.33 and a high of $13.26 and are now at $5.45. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.1%.
Hudson City Bancorp, Inc. is a bank holding company. The Company, through its banking subsidiary, is a federally chartered stock savings bank that offers traditional deposit products, residential real estate mortgage loans and consumer loans. Hudson also purchase mortgages and mortgage-backed securities