Hudson City Bancorp, Inc. Message Board
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HCBK going higher
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-
Lay off the crack.
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Yes this stocks is going to $7.00 plus before Dec 31, 2011. DD.
- 1 Reply to catspaw33129
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i agree but one thing holding me back from buying
where are the insiders buying?
will regulator force them to raise cash and restructure again ? ( this is the opinion of a broker)
i think this could be a 8 dollar stock very soon but id like to see a large insider buy first? after all they got the money maybe they are loading up on AAPL?
sinejoc
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good points the only holding me back is the chance that HCBK will issue more stock soon.
i read a report that said they need more cash to expand their business ??
to me it seems they have plenty of cash !
but i have learned to be careful .
will they restructure borrowings and announce a stock offering?
i think this is why the stock so low
if they announce a restructuring and no stock sale id say it would climb
market may be pricing in dillution of new stock?
good luck all
joci
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