CBS CORP (CBS-NYSE): Technical Viewpoint: From a low of $40.56 on Jun 15, 1999 prices rallied, reaching a high of $46.69 on Jul 19, 1999. A decline saw prices pull back, reaching a low of $43 5/8 on Jul 29, 1999. Another rally saw prices penetrate resistance, closing 8/6/99 at $47.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 29, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $44.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Aug 6, 1999. A P&F upside reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! CBS CORP (CBS-NYSE) @ $47 1/2 Stop: Use a protective stop of $44 7/8. CBS CORP is currently trading @ $47.06 plus $1 3/4 on Aug 6, 1999. Price Objective: $61.00. Risk/Reward: $2 5/8 VS. $13 1/2. Today's Risk Reward Ratio: 5:1