CERADYNE INC (CRDN-Nasdaq): Technical Viewpoint: From a low of $21.81 on Mar 24, 2004 prices rallied, reaching a high of $29.65 on Apr 8, 2004. A decline saw prices pull back, reaching a low of $25.01 on Apr 20, 2004. Another rally saw prices penetrate resistance, closing 4/23/04 at $31.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 2, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $25.63. Resistance: Is at $33.18. Point & Figure: Reversed to the upside on Apr 23, 2004. A P&F upside reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! CERADYNE INC (CRDN-Nasdaq) @ $32.50 Stop: Use a protective stop of $30.50. CERADYNE INC is currently trading @ $31.94 plus $3.24 on Apr 23, 2004. Price Objective: $44.50. Risk/Reward: $2.00 VS. $12.00. Today's Risk Reward Ratio: 6:1