NORTHROP GRUMMAN (NOC-NYSE): Technical Viewpoint: From a low of $88.50 on Nov 16, 2002 prices rallied, reaching a high of $98.00 on Nov 20, 2002. A decline saw prices pull back, reaching a low of $91.03 on Nov 27, 2002. Another rally saw prices penetrate resistance, closing 12/31/02 at $100.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 21, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $96.75. Resistance: Is at $105.00. Point & Figure: Reversed to the upside on Dec 20, 2002. A P&F upside reversal takes place at $98.00. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN (NOC-NYSE) @ $101.25 Stop: Use a protective stop of $98.25. NORTHROP GRUMMAN is currently trading @ $100.81 plus $1.16 on Dec 31, 2002. Price Objective: $116.00. Risk/Reward: $3.00 VS. $14.75. Today's Risk Reward Ratio: 5:1