MRV COMMUNICATIONS (MRVC-Nasdaq): Technical Viewpoint: From a low of $24.56 on Nov 12, 1999 prices rallied, reaching a high of $34.69 on Nov 17, 1999. A decline saw prices pull back, reaching a low of $28 7/8 on Nov 23, 1999. Another rally saw prices penetrate resistance, closing 12/1/99 at $36 3/8. Technicals: MACD Index (MACD): A Buy Alert! was given on Nov 9, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $32.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Dec 1, 1999. A P&F upside reversal takes place at $33 3/4. Summary: Technical indicators have turned bullish. BUY! MRV COMMUNICATIONS (MRVC-Nasdaq) @ $36 1/2 Stop: Use a protective stop of $33 7/8. MRV COMMUNICATIONS is currently trading @ $36 3/8 plus $4 3/8 on Dec 1, 1999. Price Objective: $45.00. Risk/Reward: $2 5/8 VS. $8 1/2. Today's Risk Reward Ratio: 3:1