DIAMOND OFFSHORE DRILLING (DO-NYSE): Technical Viewpoint: From a low of $30.60 on May 1, 2002 prices rallied, reaching a high of $34.99 on May 14, 2002. A decline saw prices pull back, reaching a low of $32.16 on May 17, 2002. Another rally saw prices penetrate resistance, closing 5/22/02 at $33.84. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 16, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $32.00. Resistance: Is at $34.99. Point & Figure: Reversed to the upside on May 20, 2002. A P&F upside reversal takes place at $32.55. Summary: Technical indicators have turned bullish. BUY! DIAMOND OFFSHORE DRILLING (DO-NYSE) @ $34.13 Stop: Use a protective stop of $31.63. DIAMOND OFFSHORE DRILLING is currently trading @ $33.84 plus $1.03 on May 22, 2002. Price Objective: $44.00. Risk/Reward: $2.50 VS. $10.00. Today's Risk Reward Ratio: 4:1