NORTHROP GRUMMAN CORP (NOC-NYSE): Technical Viewpoint: From a low of $79.71 on Apr 11, 2003 prices rallied, reaching a high of $92.60 on May 15, 2003. A decline saw prices pull back, reaching a low of $82.92 on Jun 9, 2003. Another rally saw prices penetrate resistance, closing 7/28/03 at $92.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jul 28, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $89.50. Resistance: Is at $93.45. Point & Figure: Reversed to the upside on Jul 28, 2003. A P&F upside reversal takes place at $89.00. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN CORP (NOC-NYSE) @ $92.88 Stop: Use a protective stop of $90.13. NORTHROP GRUMMAN CORP is currently trading @ $92.36 plus $5.26 on Jul 28, 2003. Price Objective: $107.00. Risk/Reward: $2.75 VS. $14.13. Today's Risk Reward Ratio: 5:1