CHAPARRAL STEEL CO (CHAP-Nasdaq): Technical Viewpoint: From a low of $33.47 on Oct 3, 2006 prices rallied, reaching a high of $43.17 on Oct 25, 2006. A decline saw prices pull back, reaching a low of $39.10 on Nov 2, 2006. Another rally saw prices penetrate resistance, closing 11/17/06 at $44.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Nov 17, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $41.25. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Nov 15, 2006. A P&F upside reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! CHAPARRAL STEEL CO (CHAP-Nasdaq) @ $45.13 Stop: Use a protective stop of $43.13. CHAPARRAL STEEL CO is currently trading @ $44.45 plus $2.98 on Nov 19, 2006. Price Objective: $33.50. Risk/Reward: $2.00 VS. $12.37. Today's Risk Reward Ratio: 6:1