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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$50.00
Risk/Reward:
$2.00 VS. $10.25
Risk/Reward Ratio:
5:1
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