GENENTECH INC (DNA-NYSE): Technical Viewpoint: From a low of $93.75 on Feb 24, 2004 prices rallied, reaching a high of $110.06 on Feb 27, 2004. A decline saw prices pull back, reaching a low of $104.00 on Mar 2, 2004. Another rally saw prices penetrate resistance, closing 3/3/04 at $108.74. Technicals: Momentum Index (MTM): A Buy Alert! was given on Feb 26, 2004 when the solid line crossed the dotted line to the upside. Support: Remains at $103.69. Resistance: Is at $110.06. Point & Figure: Reversed to the upside on Mar 3, 2004. A P&F upside reversal takes place at $106.00. Summary: Technical indicators have turned bullish. BUY! GENENTECH INC (DNA-NYSE) @ $109.50 Stop: Use a protective stop of $106.75. GENENTECH INC is currently trading @ $108.74 plus $3.49 on Mar 3, 2004. Price Objective: $125.00. Risk/Reward: $2.75 VS. $15.50. Today's Risk Reward Ratio: 6:1