NORTHROP GRUMMAN CORP (NOC-NYSE): Technical Viewpoint: From a low of $93.31 on Jul 22, 2002 prices rallied, reaching a high of $129.83 on Sep 16, 2002. A decline saw prices pull back, reaching a low of $122.76 on Sep 19, 2002. Another rally saw prices penetrate resistance, closing 9/23/02 at $127.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 15, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $123.00. Resistance: Is at $129.83. Point & Figure: Reversed to the upside on Sep 19, 2002. A P&F upside reversal takes place at $123.00. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN CORP (NOC-NYSE) @ $127.63 Stop: Use a protective stop of $124.63. NORTHROP GRUMMAN CORP is currently trading @ $127.19 plus $2.65 on Sep 23, 2002. Price Objective: $144.00. Risk/Reward: $3.00 VS. $16.38. Today's Risk Reward Ratio: 5:1