HOVNANIAN ENTERPRISES (HOV-NYSE): Technical Viewpoint: From a low of $24.70 on Aug 2, 2002 prices rallied, reaching a high of $33.46 on Aug 27, 2002. A decline saw prices pull back, reaching a low of $29.50 on Sep 3, 2002. Another rally saw prices penetrate resistance, closing 9/4/02 at $33.72. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 22, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $30.00. Resistance: Is at $35.85. Point & Figure: Reversed to the upside on Sep 4, 2002. A P&F upside reversal takes place at $31.50. Summary: Technical indicators have turned bullish. BUY! HOVNANIAN ENTERPRISES (HOV-NYSE) @ $34.13 Stop: Use a protective stop of $32.13. HOVNANIAN ENTERPRISES is currently trading @ $33.72 plus $3.78 on Sep 4, 2002. Price Objective: $43.00. Risk/Reward: $2.00 VS. $8.88. Today's Risk Reward Ratio: 4:1