MERCK & CO (MRK-NYSE): Technical Viewpoint: From a low of $44.44 on Sep 24, 2002 prices rallied, reaching a high of $48.75 on Sep 26, 2002. A decline saw prices pull back, reaching a low of $43.35 on Oct 9, 2002. Another rally saw prices penetrate resistance, closing 10/25/02 at $52.91. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 16, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $50.50. Resistance: Is at $54.00. Point & Figure: Reversed to the upside on Oct 14, 2002. A P&F upside reversal takes place at $50.25. Summary: Technical indicators have turned bullish. BUY! MERCK & CO (MRK-NYSE) @ $53.13 Stop: Use a protective stop of $52.91. MERCK & CO is currently trading @ $52.91 plus $2.42 on Oct 25, 2002. Price Objective: $70.50. Risk/Reward: $2.50 VS. $17.38. Today's Risk Reward Ratio: 7:1