VERIZON COMMUNICATIONS (VZ-NYSE): Technical Viewpoint: From a low of $28.50 on Oct 13, 2002 prices rallied, reaching a high of $32.70 on Sep 12, 2002. A decline saw prices pull back, reaching a low of $26.75 on Sep 30, 2002. Another rally saw prices penetrate resistance, closing 10/11/02 at $35.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 4, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $33.00. Resistance: Is at $35.95. Point & Figure: Reversed to the upside on Oct 4, 2002. A P&F upside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUNICATIONS (VZ-NYSE) @ $35.63 Stop: Use a protective stop of $33.63. VERIZON COMMUNICATIONS is currently trading @ $35.19 plus $2.24 on Oct 11, 2002. Price Objective: $48.00. Risk/Reward: $2.00 VS. $12.38. Today's Risk Reward Ratio: 6:1