BUY! DORAL FINANCIAL CORP (DRL) NYSE

  Report No. 2034    Analysis by: Harry Aloof     JULY 7, 2004

DORAL FINANCIAL CORP (DRL-NYSE): Technical Viewpoint: From a low of $30.40 on May 10, 2004 prices rallied, reaching a high of $34.31 on Jun 7, 2004. A decline saw prices pull back, reaching a low of $33.01 on Jun 14, 2004. Another rally saw prices penetrate resistance, closing 7/6/04 at $36.58. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 7, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $34.38. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 2, 2004. A P&F upside reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! DORAL FINANCIAL CORP (DRL-NYSE) @ $36.63 Stop: Use a protective stop of $34.63. DORAL FINANCIAL CORP is currently trading @ $36.58 plus $1.31 on Jul 6, 2004. Price Objective: $49.00. Risk/Reward: $2.00 VS. $12.38. Today's Risk Reward Ratio: 6:1

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

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Price Objective:
$49.00 Risk/Reward:
$2.00 VS. $12.38 Risk/Reward Ratio:
6:1
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