NANOGEN INC (NGEN-Nasdaq): Technical Viewpoint: From a low of $2.95 on Nov 24, 2003 prices rallied, reaching a high of $7.00 on Dec 4, 2003. A decline saw prices pull back, reaching a low of $5.20 on Dec 11, 2003. Another rally saw prices penetrate resistance, closing 1/2/04 at $11.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 3, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $8.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jan 2, 2004. A P&F upside reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! NANOGEN INC (NGEN-Nasdaq) @ $11.88 Stop: Use a protective stop of $10.38. NANOGEN INC is currently trading @ $11.69 plus $2.68 on Jan 2, 2004. Price Objective: $24.00. Risk/Reward: $1.50 VS. $12.12. Today's Risk Reward Ratio: 8:1