CONSOLIDATED EDISON INC (ED-NYSE): Technical Viewpoint: From a low of $41.17 on May 17, 2006 prices rallied, reaching a high of $45.00 on Jun 12, 2006. A decline saw prices pull back, reaching a low of $43.05 on Jun 22, 2006. Another rally saw prices penetrate resistance, closing 7/7/06 at $45.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jul 4, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $42.00. Resistance: Is at $45.40. Point & Figure: Reversed to the upside on Jun 12, 2006. A P&F upside reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! CONSOLIDATED EDISON INC (ED-NYSE) @ $45.38 Stop: Use a protective stop of $43.38. CONSOLIDATED EDISON INC is currently trading @ $45.10 plus $0.65 on Jul 7, 2006. Price Objective: $55.50. Risk/Reward: $2.00 VS. $10.12. Today's Risk Reward Ratio: 5:1