NIKE INC (NKE-NYSE): Technical Viewpoint: From a low of $41.19 on Dec 18, 2003 prices rallied, reaching a high of $48.43 on Jan 10, 2003. A decline saw prices pull back, reaching a low of $42.38 on Feb 7, 2003. Another rally saw prices penetrate resistance, closing 3/7/03 at $49.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Feb 20, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $47.25. Resistance: Is at $51.36. Point & Figure: Reversed to the upside on Mar 7, 2003. A P&F upside reversal takes place at $47.50. Summary: Technical indicators have turned bullish. BUY! NIKE INC (NKE-NYSE) @ $49.25 Stop: Use a protective stop of $47.25. NIKE INC is currently trading @ $49.10 plus $2.49 on Mar 7, 2003. Price Objective: $60.00. Risk/Reward: $2.00 VS. $10.75. Today's Risk Reward Ratio: 5:1