BUY! BURLINGTON RESOURCES INC (BR) NYSE

  Report No. 1709    Analysis by: Harry Aloof     FEBRUARY 24, 2003

BURLINGTON RESOURCES INC (BR-NYSE): Technical Viewpoint: From a low of $41.10 on Jan 22, 2003 prices rallied, reaching a high of $45.52 on Feb 11, 2003. A decline saw prices pull back, reaching a low of $42.94 on Feb 14, 2003. Another rally saw prices penetrate resistance, closing 2/21/03 at $46.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 15, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $43.25. Resistance: Is at $51.95. Point & Figure: Reversed to the upside on Feb 18, 2003. A P&F upside reversal takes place at $44.50. Summary: Technical indicators have turned bullish. BUY! BURLINGTON RESOURCES INC (BR-NYSE) @ $46.13 Stop: Use a protective stop of $44.13. BURLINGTON RESOURCES INC is currently trading @ $46.00 plus $1.21 on Feb 23, 2003. Price Objective: $54.50. Risk/Reward: $2.00 VS. $8.38. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$54.50 Risk/Reward:
$2.00 VS. $8.38 Risk/Reward Ratio:
4:1
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