HEWLETT-PACKARD CO (HWP-NYSE): Technical Viewpoint: From a low of $77.00 on May 6, 1999 prices rallied, reaching a high of $97.56 on May 18, 1999. A decline saw prices pull back, reaching a low of $85 5/8 on Jun 14, 1999. Another rally saw prices penetrate resistance, closing 7/9/99 at $106.69. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 28, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $98 1/2. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 8, 1999. A P&F upside reversal takes place at $103.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD CO (HWP-NYSE) @ $107 1/8 Stop: Use a protective stop of $103 7/8. HEWLETT-PACKARD CO is currently trading @ $106.69 plus $0.88 on Jul 9, 1999. Price Objective: $147.00. Risk/Reward: $3 1/4 VS. $39 7/8. Today's Risk Reward Ratio: 12:1