COVANCE INC (CVD-NYSE): Technical Viewpoint: From a low of $17.63 on Sep 13, 2002 prices rallied, reaching a high of $20.30 on Sep 26, 2002. A decline saw prices pull back, reaching a low of $17.90 on Oct 8, 2002. Another rally saw prices penetrate resistance, closing 10/24/02 at $21.65. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 24, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $20.00. Resistance: Is at $23.49. Point & Figure: Reversed to the upside on Oct 24, 2002. A P&F upside reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! COVANCE INC (CVD-NYSE) @ $22.13 Stop: Use a protective stop of $20.13. COVANCE INC is currently trading @ $21.65 plus $2.55 on Oct 24, 2002. Price Objective: $34.00. Risk/Reward: $2.00 VS. $11.88. Today's Risk Reward Ratio: 6:1