NORTHROP GRUMMAN (NOC-NYSE): Technical Viewpoint: From a low of $76.40 on Jul 25, 2001 prices rallied, reaching a high of $81.64 on Jul 31, 2001. A decline saw prices pull back, reaching a low of $77.10 on Aug 14, 2001. Another rally saw prices penetrate resistance, closing 8/27/01 at $84.15. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 22, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $82.00. Resistance: Is at $85.50. Point & Figure: Reversed to the upside on Aug 24, 2001. A P&F upside reversal takes place at $81.75. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN (NOC-NYSE) @ $84.62 Stop: Use a protective stop of $81.87. NORTHROP GRUMMAN is currently trading @ $84.15 plus $2.25 on Aug 27, 2001. Price Objective: $95.00. Risk/Reward: $2.75 VS. $10.38. Today's Risk Reward Ratio: 4:1