HEWLETT-PACKARD CO (HWP-NYSE): Technical Viewpoint: From a low of $65 1/8 on Apr 12, 1999 prices rallied, reaching a high of $97.56 on May 18, 1999. A decline saw prices pull back, reaching a low of $85 5/8 on Jun 14, 1999. Another rally saw prices penetrate resistance, closing 6/21/99 at $94.00. Technicals: Demand Index (DI): A Buy Alert! was given on Jun 21, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $88.00. Resistance: Is at $97 1/2. Point & Figure: Reversed to the upside on Jun 16, 1999. A P&F upside reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! Hewlett-Packard Co (HWP-NYSE) @ $94 1/4 Stop: Use a protective stop of $91 1/4. Hewlett-Packard Co is currently trading @ $94.00 plus $2.06 on Jun 21, 1999. Price Objective: $116.00. Risk/Reward: $3.00 VS. $21 3/4. Today's Risk Reward Ratio: 7:1