SBC COMMUNICATIONS (SBC-NYSE): Technical Viewpoint: From a low of $21.16 on Oct 15, 2003 prices rallied, reaching a high of $24.25 on Nov 3, 2003. A decline saw prices pull back, reaching a low of $22.86 on Nov 10, 2003. Another rally saw prices penetrate resistance, closing 12/10/03 at $24.61. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 28, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $22.25. Resistance: Is at $25.74. Point & Figure: Reversed to the upside on Dec 4, 2003. A P&F upside reversal takes place at $23.75. Summary: Technical indicators have turned bullish. BUY! SBC COMMUNICATIONS (SBC-NYSE) @ $24.75 Stop: Use a protective stop of $22.75. SBC COMMUNICATIONS is currently trading @ $24.61 plus $0.64 on Dec 10, 2003. Price Objective: $36.00. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 6:1