PULTE HOMES INC (PHM-NYSE): Technical Viewpoint: From a low of $42.03 on Dec 10, 2003 prices rallied, reaching a high of $48.28 on Dec 29, 2003. A decline saw prices pull back, reaching a low of $40.00 on Jan 8, 2004. Another rally saw prices penetrate resistance, closing 2/26/04 at $50.21. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Feb 12, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $43.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 26, 2004. A P&F upside reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! PULTE HOMES INC (PHM-NYSE) @ $50.38 Stop: Use a protective stop of $47.88. PULTE HOMES INC is currently trading @ $50.21 plus $3.16 on Feb 26, 2004. Price Objective: $62.00. Risk/Reward: $2.50 VS. $11.62. Today's Risk Reward Ratio: 5:1