PEGASYSTEMS INC (PEGA-Nasdaq): Technical Viewpoint: From a low of $23.91 on Oct 22, 2010 prices rallied, reaching a high of $38.13 on Jan 3, 2011. A decline saw prices pull back, reaching a low of $32.12 on Jan 25, 2011. Another rally saw prices penetrate resistance, closing 2/25/11 at $40.31. Technicals: MACD Index (MACD): A Buy Alert! was given on Feb 25, 2011 when the solid line crossed the dotted line to the upside. Support: Remains at $39.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 1, 2011. A P&F upside reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! Pegasystems Inc (PEGA-Nasdaq) @ $40.38 Stop: Use a protective stop of $38.38. Pegasystems Inc is currently trading @ $40.31 plus $2.31 on Feb 25, 2011. Price Objective: $52.50. Risk/Reward: $2.00 VS. $12.12. Today's Risk Reward Ratio: 6:1