PHELPS DODGE CORP (PD-NYSE): Technical Viewpoint: From a low of $30.50 on Jan 23, 2002 prices rallied, reaching a high of $39.10 on Feb 15, 2002. A decline saw prices pull back, reaching a low of $35.64 on Feb 20, 2002. Another rally saw prices penetrate resistance, closing 3/6/02 at $40.86. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 31, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $37.50. Resistance: Is at $41.84. Point & Figure: Reversed to the upside on Mar 2, 2002. A P&F upside reversal takes place at $39.50. Summary: Technical indicators have turned bullish. BUY! PHELPS DODGE CORP (PD-NYSE) @ $41.13 Stop: Use a protective stop of $38.63. PHELPS DODGE CORP is currently trading @ $40.86 plus $2.34 on Mar 6, 2002. Price Objective: $55.00. Risk/Reward: $2.50 VS. $13.88. Today's Risk Reward Ratio: 5:1