NOVATEL WIRELESS (NVTL-Nasdaq): Technical Viewpoint: From a low of $5.44 on Dec 31, 2003 prices rallied, reaching a high of $13.67 on Jan 30, 2004. A decline saw prices pull back, reaching a low of $11.57 on Feb 9, 2004. Another rally saw prices penetrate resistance, closing 2/18/04 at $20.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 5, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $16.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 18, 2004. A P&F upside reversal takes place at $19.00. Summary: Technical indicators have turned bullish. BUY! NOVATEL WIRELESS (NVTL-Nasdaq) @ $20.88 Stop: Use a protective stop of $19.38. NOVATEL WIRELESS is currently trading @ $20.60 plus $3.90 on Feb 18, 2004. Price Objective: $31.00. Risk/Reward: $1.50 VS. $10.12. Today's Risk Reward Ratio: 7:1