WHELLING-PITTSBURGH CORP (WPSC-Nasdaq): Technical Viewpoint: From a low of $12.06 on May 12, 2004 prices rallied, reaching a high of $23.20 on Jun 22, 2004. A decline saw prices pull back, reaching a low of $19.71 on Jul 26, 2004. Another rally saw prices penetrate resistance, closing 8/9/04 at $26.65. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 28, 2004 when the solid line crossed the dotted line to the upside. Support: Remains at $21.38. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Aug 9, 2004. A P&F upside reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! WHELLING-PITTSBURGH CORP (WPSC-Nasdaq) @ $28.38 Stop: Use a protective stop of $26.38. WHELLING-PITTSBURGH CORP is currently trading @ $26.65 plus $2.78 on Aug 9, 2004. Price Objective: $38.50. Risk/Reward: $2.00 VS. $10.12. Today's Risk Reward Ratio: 5:1