NIKE INC (NKE-NYSE): Technical Viewpoint: From a low of $38.20 on May 11, 2001 prices rallied, reaching a high of $45.74 on May 22, 2001. A decline saw prices pull back, reaching a low of $40.57 on Jun 15, 2001. Another rally saw prices penetrate resistance, closing 6/22/01 at $44.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 16, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $42.00. Resistance: Is at $45.74. Point & Figure: Reversed to the upside on Jun 20, 2001. A P&F upside reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! NIKE INC (NKE-NYSE) @ $44.75 Stop: Use a protective stop of $42.12. NIKE INC is currently trading @ $44.55 plus $1.02 on Jun 22, 2001. Price Objective: $56.00. Risk/Reward: $2.63 VS. $11.25. Today's Risk Reward Ratio: 4:1