FLAMEL TECHNOLOGIES (FLML-Nasdaq): Technical Viewpoint: From a low of $4.15 on Mar 17, 2003 prices rallied, reaching a high of $9.98 on Apr 25, 2003. A decline saw prices pull back, reaching a low of $7.80 on May 9, 2003. Another rally saw prices penetrate resistance, closing 6/4/03 at $11.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 21, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $10.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 2, 2003. A P&F upside reversal takes place at $11.00. Summary: Technical indicators have turned bullish. BUY! FLAMEL TECHNOLOGIES (FLML-Nasdaq) @ $12.13 Stop: Use a protective stop of $10.63. FLAMEL TECHNOLOGIES is currently trading @ $11.81 plus $0.76 on Jun 4, 2003. Price Objective: $24.00. Risk/Reward: $1.50 VS. $11.88. Today's Risk Reward Ratio: 8:1