APPLIED MATERIALS (AMAT-Nasdaq): Technical Viewpoint: From a low of $73.56 on Oct 20, 1999 prices rallied, reaching a high of $113 1/4 on Nov 17, 1999. A decline saw prices pull back, reaching a low of $97 3/8 on Nov 30, 1999. Another rally saw prices penetrate resistance, closing 12/8/99 at $114.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 25, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $109 1/2. Resistance: Is at $120.00. Point & Figure: Reversed to the upside on Dec 8, 1999. A P&F upside reversal takes place at $109 1/2. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS (AMAT-Nasdaq) @ $115 1/4 Stop: Use a protective stop of $112 3/8. APPLIED MATERIALS is currently trading @ $114.81 plus $3.56 on Dec 8, 1999. Price Objective: $130.00. Risk/Reward: $2 7/8 VS. $14 3/4. Today's Risk Reward Ratio: 5:1