CUMMINGS INC (CUM-NYSE): Technical Viewpoint: From a low of $28.59 on May 20, 2003 prices rallied, reaching a high of $41.86 on Jun 17, 2003. A decline saw prices pull back, reaching a low of $34.25 on Jul 1, 2003. Another rally saw prices penetrate resistance, closing 7/25/03 at $45.16. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 25, 2003 when the solid line crossed the dotted line to the upside. Support: Remains at $38.00. Resistance: Is at $47.05. Point & Figure: Reversed to the upside on Jul 25, 2003. A P&F upside reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! CUMMINGS INC (CUM-NYSE) @ $46.13 Stop: Use a protective stop of $44.13. CUMMINGS INC is currently trading @ $45.16 plus $7.22 on Jul 25, 2003. Price Objective: $56.00. Risk/Reward: $2.00 VS. $9.88. Today's Risk Reward Ratio: 5:1