PEOPLESOFT INC (PSFT-Nasdaq): Technical Viewpoint: From a low of $13.77 on Jul 2, 2002 prices rallied, reaching a high of $17.11 on Jul 8, 2002. A decline saw prices pull back, reaching a low of $13.61 on Jul 11, 2002. Another rally saw prices penetrate resistance, closing 7/23/02 at $16.74. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 8, 2002 when the solid line crossed the dotted line to the upside. Support: Remains at $14.75. Resistance: Is at $20.23. Point & Figure: Reversed to the upside on Jul 19, 2002. A P&F upside reversal takes place at $15.50. Summary: Technical indicators have turned bullish. BUY! PEOPLESOFT INC (PSFT-Nasdaq) @ $17.25 Stop: Use a protective stop of $15.75. PEOPLESOFT INC is currently trading @ $16.74 plus $0.51 on Jul 23, 2002. Price Objective: $26.00. Risk/Reward: $1.50 VS. $8.75. Today's Risk Reward Ratio: 6:1