NUCOR CORP (NUE-NYSE): Technical Viewpoint: From a low of $72.54 on Jul 9, 2004 prices rallied, reaching a high of $80.16 on Jul 14, 2004. A decline saw prices pull back, reaching a low of $75.40 on Jul 22, 2004. Another rally saw prices penetrate resistance, closing 7/28/04 at $82.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 25, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $77.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 28, 2004. A P&F upside reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! NUCOR CORP (NUE-NYSE) @ $83.25 Stop: Use a protective stop of $80.50. NUCOR CORP is currently trading @ $82.90 plus $2.59 on Jul 28, 2004. Price Objective: $93.00. Risk/Reward: $2.75 VS. $9.75. Today's Risk Reward Ratio: 3:1