Tuesday, June 3, 2008

Hudson City Bancorp Inc.(HCBK) is in an downtrend

(23-May-2008) (23-May-2008) Hudson City Bancorp Inc.(HCBK) closed at 17.88, up 0.08 or 0.45 % for the day. Based on our analysis, Hudson City Bancorp Inc.(HCBK) is in an downtrend.

The closing price of Hudson City Bancorp Inc.(HCBK) is below its 50 day moving average of 18.29 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Hudson City Bancorp Inc.(HCBK) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 7-May-2008, about 19 trading days ago.

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