WATSON PHARAMACEUTICALS (WPI-NYSE): Technical Viewpoint: From a low of $36 1/2 on Mar 28, 2000 prices rallied, reaching a high of $48.00 on Apr 13, 2000. A decline saw prices pull back, reaching a low of $42 3/4 on May 1, 2000. Another rally saw prices penetrate resistance, closing 5/9/00 at $48.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 4, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $45.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 8, 2000. A P&F upside reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! WATSON PHARAMACEUTICALS (WPI-NYSE) @ $49 1/8 Stop: Use a protective stop of $46 3/8. WATSON PHARAMACEUTICALS is currently trading @ $48.94 plus $3.00 on May 9, 2000. Price Objective: $58.00. Risk/Reward: $2 3/4 VS. $8 7/8. Today's Risk Reward Ratio: 3:1