VERIZON COMMUNICATIONS (VZ-NYSE): Technical Viewpoint: From a low of $33.80 on Dec 26, 2003 prices rallied, reaching a high of $37.87 on Jan 26, 2004. A decline saw prices pull back, reaching a low of $36.20 on Jan 29, 2004. Another rally saw prices penetrate resistance, closing 2/17/04 at $39.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 5, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $36.30. Resistance: Is at $40.00. Point & Figure: Reversed to the upside on Jan 9, 2004. A P&F upside reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUNICATIONS (VZ-NYSE) @ $39.25 Stop: Use a protective stop of $37.25. VERIZON COMMUNICATIONS is currently trading @ $39.20 plus $1.55 on Feb 17, 2004. Price Objective: $55.00. Risk/Reward: $2.00 VS. $15.75. Today's Risk Reward Ratio: 8:1