Ascending Triangle...
Profits up 19.5%!
wow that's a BIG ascending triangle :o
short term looks bullish too. nice chart ;D
I think HCBK is going to see 20% gains. With that long term ascending triangle all it needs to do is clear the neckline at 12.50....
They also offer a 2.40% dividend which is likely to be raised after such stellar earnings.
cal >:D
Testing the breakout area again... Watch this one closely... >:D
Still hovering around 12.50 - very close to breakout levels. Banking conference coming up, could give this one a boost.
The time has come for HCBK - time to load up on this one! Huge ascending triangle and the top resistance line just broke.
As Cramer would say: "BUY BUY BUY!"
http://finance.yahoo.com/q?s=HCBK&d=t
PowerPoint Presentation: http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000950123%2D06%2D002060%2Etxt&FilePath=%5C2006%5C02%5C21%5C&CoName=HUDSON+CITY+BANCORP+INC&FormType=8%2DK&RcvdDate=2%2F21%2F2006&pdf=
After Hours Trades:
18:25:22 12.850 200 Nasdaq Small Cap
18:02:42 12.750 100 Nasdaq Small Cap at Ask
17:59:13 12.650 300 Nasdaq Small Cap at Bid
17:58:53 12.600 100 Nasdaq Small Cap at Bid
17:57:29 12.550 1000 Nasdaq Small Cap
17:00:06 12.470 400 Nasdaq Small Cap
17:00:04 12.470 500 Nasdaq Small Cap
16:58:56 12.521 400 Nasdaq Small Cap
16:47:02 12.485 500 Nasdaq Small Cap
16:36:49 12.470 100 Nasdaq Small Cap
CAL - >:D
Hey Calvern:
A newsletter that I subscribe to just came out with a recommendation today for HCBK.
A buy above $12.54, with a $14 1st target, a $17 second target, and an $11.75 stop loss.
You'll probably see some movement in the stock on Thursday. As you said, time to load up.
Brigitte
New 52 week high.
Chartsetups.com - issued an alert last week for a buy above 12.65 (12.70)
Have also heard Gorilla Trades and Bulltrades have something similiar to this....
cal >:D
joining ya buddy. in at 12.62
-fous
HCBK is a banking stock with sound management and great earnings. Secondly, its an aquisition target since it so effiecient. (see the powerpoint slides in the post above)
Technical View: Ascending triangle breakout area. Above 13.00 is a clear breakout...
The risk/reward is outstanding
Paying a 2.40% dividend, so it should be somewhat stable.
Conservative target of 10-15% gains from here. I see 20%+ for 2006....
We'll see what happens - I love the ascending triangles.
HCBK making new 52 week highs... 13.53 now - Hope you are still holding >:D
New 52-week high! Looks like $14.00 is right around the corner. HCBK looks like a great long term investment with a solid dividend yield.
Great Earnings Release!
AP
Hudson City 1Q Earnings Rise
Wednesday April 19, 8:55 am ET
Hudson City Says 1Q Earnings Rose As Higher Assets Offset Squeezed Margins
PARAMUS, N.J. (AP) -- Hudson City Bancorp Inc. said first-quarter earnings rose as the bank offset tightening margins with increased mortgage-loan activity.
The bank said net income rose 21.5 percent to $75.2 million, or 13 cents per share, versus $61.9 million or 11 cents per share from the year-ago quarter. Analysts polled by Thomson Financial projected earnings of 14 cents per share.
Net interest income, or earnings from interest on deposits and loans, rose 25.3 percent to $157.7 million in the quarter. Interest rate margins fell to 2.17 percent from 2.45 percent the year before as rising short-term rates have combined with stagnant long-term rates to squeeze margins, the company said.
Hudson City said it is combating the unfavorable lending environment by shifting more assets to shorter-term investments and variable-rate mortgages. The bank increased total loans to $16.03 billion from $15.06 billion last year.
Non-interest income fell to $1.3 million from $3.9 million.
Great dividend and capital gains to go with this one!
Anything about the chart look interesting to you? (see red circle)
hmmm...what could all that volume be about. I think a takeover/buyout is around the corner!
Yeah that is an interesting volume line there. Nothing up or down just large volume.
This stock was also featured a fews days ago in (I think) The Candlestick newsletter.
Seems to be riding it's 50 - not a bad thing - might bounce up.
Sorry my funds are tied up else where.
Best of Luck