* Today's Sector Analysis: "Metals " Institutional Technical Viewpoint
Buy Alert! Axcan Pharma Inc  (AXCA): $20.63 Stop.  $19.13 P-Stop  $29.50 P-Objective
Dow Jones Ind: 10,416.40 plus 38.90 points Jun 20, 2004 * Price Objective: 12,600    Volume Two No. 2023
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
6/21/04
PRICE
OBJ
CLOSE
PRICE
* AA ALCOA INC BUY! *   RSI: 62 $32.63 $30.63 $45.00 $32.53
CBT CABOT CORP BUY! *   RSI: 76 $39.63 $37.63 $52.00 $39.43
CDIS CAL DIVE INTERNAT BUY! *   RSI: 64 $30.13 $28.13 $41.00 $29.92
CHTT CHATTEM INC BUY! *   RSI: 72 $29.25 $27.25 $40.00 $28.57
IEX IDEX CORPORATION BUY! *   RSI: 67 $34.13 $32.13 $43.00 $33.80
NCX NOVA CHEMICALS BUY! RSI: 64 $28.38 $26.38 $36.50 $27.92
PRGS PROGRESS SOFTWARE BUY! *   RSI: 65 $21.88 $20.38 $29.50 $21.75
TXT TEXTRON INC BUY! *   RSI: 72 $59.63 $57.13 $69.00 $59.30
Metals   N: $35.25  PCP: $50.88  PD: $71.88 Buy Alerts  AMHC: $24.50  OMG: $29.63  ORB: $13.75

ENGINEERED SUPPORT SYS (EASI-Nasdaq): Technical Viewpoint: From a low of $44.35 on May 12, 2004 prices rallied, reaching a high of $54.98 on Jun 6, 2004. A decline saw prices pull back, reaching a low of $51.07 on Jun 15, 2004. Another rally saw prices penetrate resistance, closing 6/18/04 at $56.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 26, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $52.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 28, 2004. A P&F upside reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! ENGINEERED SUPPORT SYS (EASI-Nasdaq) @ $56.50 Stop: Use a protective stop of $54.13. ENGINEERED SUPPORT SYS is currently trading @ $56.22 plus $3.17 on Jun 18, 2004. Price Objective: $75.00. Risk/Reward: $2.50 VS. $18.50. Today's Risk Reward Ratio: 7:1


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