SBC COMMUNICATIONS (SBC-NYSE): Technical Viewpoint: From a low of $34 3/4 on Feb 23, 2000 prices rallied, reaching a high of $46.44 on Mar 17, 2000. A decline saw prices pull back, reaching a low of $41.56 on Mar 30, 2000. Another rally saw prices penetrate resistance, closing 4/4/00 at $46.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 7, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $42.00. Resistance: Is at $44 5/8. Point & Figure: Reversed to the upside on Apr 3, 2000. A P&F upside reversal takes place at $44 1/4. Summary: Technical indicators have turned bullish. BUY! SBC COMMUNICATIONS (SBC-NYSE) @ $47 1/4 Stop: Use a protective stop of $44 5/8. SBC COMMUNICATIONS is currently trading @ $46.00 plus $1.25 on Apr 4, 2000. Price Objective: $66 3/4. Risk/Reward: $2 5/8 VS. $19 1/2. Today's Risk Reward Ratio: 7:1