PPL CORPORATION (PPL-NYSE): Technical Viewpoint: From a low of $35.18 on Apr 11, 2003 prices rallied, reaching a high of $37.38 on Apr 28, 2003. A decline saw prices pull back, reaching a low of $35.13 on May 2, 2003. Another rally saw prices penetrate resistance, closing 5/23/03 at $40.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 3, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $38.75. Resistance: Is at $44.45. Point & Figure: Reversed to the upside on May 15, 2003. A P&F upside reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! PPL CORPORATION (PPL-NYSE) @ $41.13 Stop: Use a protective stop of $39.13. PPL CORPORATION is currently trading @ $40.56 plus $1.46 on May 23, 2003. Price Objective: $54.00. Risk/Reward: $2.00 VS. $12.88. Today's Risk Reward Ratio: 6:1