MERCK & CO (MRK-NYSE): Technical Viewpoint: From a low of $45.35 on Aug 5, 2002 prices rallied, reaching a high of $51.58 on Aug 12, 2002. A decline saw prices pull back, reaching a low of $48.39 on Aug 14, 2002. Another rally saw prices penetrate resistance, closing 8/21/02 at $51.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 8, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $50.00. Resistance: Is at $53.88. Point & Figure: Reversed to the upside on Aug 8, 2002. A P&F upside reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! MERCK & CO (MRK-NYSE) @ $52.25 Stop: Use a protective stop of $49.75. MERCK & CO is currently trading @ $51.88 plus $1.24 on Aug 21, 2002. Price Objective: $69.00. Risk/Reward: $2.50 VS. $16.75. Today's Risk Reward Ratio: 7:1