HEWLETT-PACKARD CO (HWP-NYSE): Technical Viewpoint: From a low of $29 1/8 on Dec 21, 2000 prices rallied, reaching a high of $36.44 on Jan 4, 2001. A decline saw prices pull back, reaching a low of $29.94 on Jan 12, 2001. Another rally saw prices penetrate resistance, closing 1/29/01 at $37.53. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 23, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $33.00. Resistance: Is at $41.06. Point & Figure: Reversed to the upside on Jan 29, 2001. A P&F upside reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! Hewlett-Packard Co (HWP-NYSE) @ $37 7/8 Stop: Use a protective stop of $35 3/8. Hewlett-Packard Co is currently trading @ $37.53 plus $3.09 on Jan 29, 2001. Price Objective: $48.00. Risk/Reward: $2 1/2 VS. $10 1/8. Today's Risk Reward Ratio: 4:1