BUY! DORAL FINANCIAL CORP (DRL) Nasdaq

  Report No. 2056    Analysis by: Harry Aloof     AUGUST 9, 2004

DORAL FINANCIAL CORP (DRL-Nasdaq): Technical Viewpoint: From a low of $36.48 on Jul 27, 2004 prices rallied, reaching a high of $39.60 on Jul 30, 2004. A decline saw prices pull back, reaching a low of $38.00 on Aug 5, 2004. Another rally saw prices penetrate resistance, closing 8/6/04 at $39.42. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 4, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $38.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 23, 2004. A P&F upside reversal takes place at $36.75. Summary: Technical indicators have turned bullish. BUY! DORAL FINANCIAL CORP (DRL-Nasdaq) @ $39.75 Stop: Use a protective stop of $37.75. DORAL FINANCIAL CORP is currently trading @ $39.42 plus $1.00 on Aug 6, 2004. Price Objective: $50.00. Risk/Reward: $2.00 VS. $10.25. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$50.00 Risk/Reward:
$2.00 VS. $10.25 Risk/Reward Ratio:
5:1
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