Hudson City Bancorp, Inc. (NASDAQ:HCBK)

Q: Hi Mr. Brian, I just read on a website which I chanced to recover involving Power Trends that I could write you re your opinion on Hudson City Bank.  I recently sold August calls but am still holding October ones (at $15.00).  Have you an expert opinion on the near term future of this bank stock?  If so, I would really appreciate it if you could tell me what you think of it and why -Regards A: Hello, Hudson City has been in an Uptrend since March 13th, quite a while without a pullback based on our historical averages.  The stock is creeping toward its 200-day moving average which is now at $13.78 and will need to test and get above that in order to get to your $15 mark.  You have some time since you are holding Oct options and I believe that earnings on 7/21 should provide a catalyst one way or the other.  The 50-day moving average is also still trending higher which is also bullish.  If it can get above these averages, that $15 level was support in December 2008 so that may be the next line of resistance.  Keep that in mind when building your options strategy.