QLOGIC CORP (QLGC-Nasdaq): Technical Viewpoint: From a low of $38.88 on Apr 25, 2003 prices rallied, reaching a high of $48.00 on May 13, 2003. A decline saw prices pull back, reaching a low of $43.56 on May 21, 2003. Another rally saw prices penetrate resistance, closing 5/29/03 at $49.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 12, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $44.00. Resistance: Is at $52.60. Point & Figure: Reversed to the upside on May 27, 2003. A P&F upside reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! QLOGIC CORP (QLGC-Nasdaq) @ $49.88 Stop: Use a protective stop of $47.88. QLOGIC CORP is currently trading @ $49.36 plus $1.52 on May 29, 2003. Price Objective: $66.00. Risk/Reward: $2.00 VS. $16.12. Today's Risk Reward Ratio: 8:1