EMULEX CORP (ELX-NYSE): Technical Viewpoint: From a low of $21.90 on Aug 14, 2003 prices rallied, reaching a high of $24.74 on Aug 22, 2003. A decline saw prices pull back, reaching a low of $22.85 on Aug 25, 2003. Another rally saw prices penetrate resistance, closing 9/8/03 at $27.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 18, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $23.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 9, 2003. A P&F upside reversal takes place at $25.50. Summary: Technical indicators have turned bullish. BUY! EMULEX CORP (ELX-NYSE) @ $27.13 Stop: Use a protective stop of $25.13. EMULEX CORP is currently trading @ $27.00 plus $1.73 on Sep 9, 2003. Price Objective: $39.00. Risk/Reward: $2.00 VS. $11.88. Today's Risk Reward Ratio: 6:1