COGNIZANT TECH SOL (CTSH-Nasdaq): Technical Viewpoint: From a low of $22.00 on Jun 3, 2004 prices rallied, reaching a high of $26.64 on Jun 28, 2004. A decline saw prices pull back, reaching a low of $22.84 on Jul 22, 2004. Another rally saw prices penetrate resistance, closing 7/27/04 at $27.51. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jul 26, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $23.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 27, 2004. A P&F upside reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! COGNIZANT TECH SOL (CTSH-Nasdaq) @ $28.13 Stop: Use a protective stop of $26.13. COGNIZANT TECH SOL is currently trading @ $27.51 plus $1.69 on Jul 27, 2004. Price Objective: $38.00. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1