MICHAELS STORES INC (MIK-NYSE): Technical Viewpoint: From a low of $35.10 on Apr 3, 2002 prices rallied, reaching a high of $42.23 on May 2, 2002. A decline saw prices pull back, reaching a low of $37.65 on May 30, 2002. Another rally saw prices penetrate resistance, closing 5/31/02 at $43.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 3, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $41.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 31, 2002. A P&F upside reversal takes place at $41.25. Summary: Technical indicators have turned bullish. BUY! MICHAELS STORES INC (MIK-NYSE) @ $43.75 Stop: Use a protective stop of $41.25. MICHAELS STORES INC is currently trading @ $43.45 plus $4.95 on May 31, 2002. Price Objective: $53.00. Risk/Reward: $2.50 VS. $9.25. Today's Risk Reward Ratio: 4:1