WATSON PHARMACEUTICALS (WPI-NYSE): Technical Viewpoint: From a low of $18.99 on Aug 6, 2002 prices rallied, reaching a high of $25.92 on Sep 12, 2002. A decline saw prices pull back, reaching a low of $22.17 on Oct 10, 2002. Another rally saw prices penetrate resistance, closing 10/28/02 at $26.60. 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 $25.75. Resistance: Is at $26.82. Point & Figure: Reversed to the upside on Oct 22, 2002. A P&F upside reversal takes place at $25.50. Summary: Technical indicators have turned bullish. BUY! WATSON PHARMACEUTICALS (WPI-NYSE) @ $26.75 Stop: Use a protective stop of $24.75. WATSON PHARMACEUTICALS is currently trading @ $26.60 plus $0.78 on Oct 28, 2002. Price Objective: $36.00. Risk/Reward: $2.00 VS. $9.25. Today's Risk Reward Ratio: 4:1