VERIZON COMMUN (VZ-NYSE): Technical Viewpoint: From a low of $28.70 on Sep 5, 2002 prices rallied, reaching a high of $32.70 on Sep 12, 2002. A decline saw prices pull back, reaching a low of $26.75 on Sep 30, 2002. Another rally saw prices penetrate resistance, closing 10/22/02 at $37.75. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 4, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $35.00. Resistance: Is at $39.30. Point & Figure: Reversed to the upside on Oct 14, 2002. A P&F upside reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUN (VZ-NYSE) @ $38.38 Stop: Use a protective stop of $36.38. VERIZON COMMUN is currently trading @ $37.75 plus $2.07 on Oct 22, 2002. Price Objective: $51.00. Risk/Reward: $2.00 VS. $12.63. Today's Risk Reward Ratio: 6:1