RAYTHEON (RTN-NYSE): Technical Viewpoint: From a low of $32.63 on Jan 23, 2002 prices rallied, reaching a high of $39.25 on Feb 1, 2002. A decline saw prices pull back, reaching a low of $36.17 on Feb 6, 2002. Another rally saw prices penetrate resistance, closing 2/15/02 at $38.58. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 11, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $36.17. Resistance: Is at $39.25. Point & Figure: Reversed to the upside on Feb 8, 2002. A P&F upside reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! RAYTHEON (RTN-NYSE) @ $38.88 Stop: Use a protective stop of $36.38. RAYTHEON is currently trading @ $38.58 plus $0.71 on Feb 15, 2002. Price Objective: $48.00. Risk/Reward: $2.50 VS. $9.13. Today's Risk Reward Ratio: 4:1