Hudson City Bancorp (HCBK) breaking out of the coil
Stock: Hudson City Bancorp (HCBK)
Long or Short: Long
Entry: 8.73
Stop-Loss: 8.49
Chart: Hudson City Bancorp (HCBK) Daily
Reason for Trade: HCBK has all the ideal traits for a stock that is wanting to move higher: 1) At new (recent) highs, 2) Ascending Triangle Breakout 3) Long period of coiling sideways before breaking out. Nice confirmation across the board as well with most other regional banks setting up nicely too.
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