SOURCE: Wall Street Active

February 25, 2013 09:52 ET

Today's Technical View on PBCT, OCN and HCBK

Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

LONDON--(Marketwire - Feb 25, 2013) - On Friday, the Dow Jones closed 0.86% higher at 14,000.57, the S&P 500 closed 0.88% higher at 1,515.60, and the NASDAQ closed 0.97% higher at 3,161.82. At the end of Friday's trading session, our research team took notice of the following stocks in the Savings & Loans sector, People's United Financial Inc. (NASDAQ: PBCT), Ocwen Financial Corp. (NYSE: OCN) and Hudson City Bancorp Inc. (NASDAQ: HCBK). Wall Street Active research team has completed free research on PBCT, OCN and HCBK. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at

People's United Financial's Shares end Marginally Higher
On Friday, shares of People's United Financial, which is a holding company for the People's United Bank, finished marginally higher. The stock closed 0.31% higher at $12.94 on volume of 1.97 million. The bank's shares have had a decent run so far this year, gaining more than 7%, compared to a gain of 4.71% for the NASDAQ. Earlier this month, the stock broke through $12.40 resistance level. However, the stock has seen a slight pullback last week. It is trading above its 50-day and 200-day moving averages, which is a bullish signal. Sign up today and get useful insight about PBCT for free at

Ocwen Financial's Shares Fall Sharply
Despite a sharp rise in the broad market, shares of Ocwen Financial fell sharply in Friday's trading session. The stock closed 1.47% lower at $37.52 on above average volume of 1.71 million. The sharp decline on above average volume suggests that market sentiment has turned bearish on Ocwen Financial. This is confirmed by the stock's technical indicators. Recent volume activity for the company's shares confirms the bearish trend. The stock's MACD is also trading below the signal line, which is a strong bearish signal. Ocwen Financial's shares currently have support at around $37. Free report on OCN can be accessed by registering at

Hudson City Bancorp's Shares Rise Sharply
Shares of Hudson City Bancorp rose sharply in Friday's trading session, ending the day 1.52% higher at $8.68 on volume of 1.72 million. Despite the gains on Friday, the stock fell more than 1% in the last three trading sessions. For the year though, the stock is up 6.77%. The bank's shares have been trading sideways for the last few days. The stock currently faces resistance at around $8.80. It has support at around $8.50. Register with Wall Street Active and download the research on HCBK for free at

Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

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