ITT EDUCATIONAL SERVICES (ESI-NYSE): Technical Viewpoint: From a low of $21.00 on Dec 19, 2002 prices rallied, reaching a high of $25.09 on Jan 6, 2003. A decline saw prices pull back, reaching a low of $23.19 on Jan 22, 2003. Another rally saw prices penetrate resistance, closing 1/23/03 at $26.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 23, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $23.25. Resistance: Is at $26.65. Point & Figure: Reversed to the upside on Jan 23, 2003. A P&F upside reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! ITT EDUCATIONAL SERVICES (ESI-NYSE) @ $26.13 Stop: Use a protective stop of $24.13. ITT EDUCATIONAL SERVICES is currently trading @ $26.60 plus $2.34 on Jan 23, 2003. Price Objective: $36.00. Risk/Reward: $2.00 VS. $9.88. Today's Risk Reward Ratio: 5:1