MERCK & CO (MRK-NYSE): Technical Viewpoint: From a low of $43.35 on Oct 9, 2002 prices rallied, reaching a high of $56.60 on Nov 6, 2002. A decline saw prices pull back, reaching a low of $51.80 on Nov 13, 2002. Another rally saw prices penetrate resistance, closing 11/19/02 at $57.61. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Nov 19, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $55.00. Resistance: Is at $58.85. Point & Figure: Reversed to the upside on Nov 18, 2002. A P&F upside reversal takes place at $55.50. Summary: Technical indicators have turned bullish. BUY! MERCK & CO (MRK-NYSE) @ $58.13 Stop: Use a protective stop of $55.63. MERCK & CO is currently trading @ $57.61 plus $1.05 on Nov 19, 2002. Price Objective: $71.00. Risk/Reward: $2.50 VS. $12.88. Today's Risk Reward Ratio: 5:1