WATERS CORP (WAT-NYSE): Technical Viewpoint: From a low of $36.39 on Mar 11, 2004 prices rallied, reaching a high of $41.65 on Apr 6, 2004. A decline saw prices pull back, reaching a low of $39.16 on Apr 27, 2004. Another rally saw prices penetrate resistance, closing 4/29/04 at $42.97. Technicals: MACD Index (MACD): A Buy Alert! was given on Apr 29, 2004 when the solid line crossed the dotted line to the upside. Support: Remains at $39.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Apr 28, 2004. A P&F upside reversal takes place at $41.50. Summary: Technical indicators have turned bullish. BUY! WATERS CORP (WAT-NYSE) @ $43.13 Stop: Use a protective stop of $41.13. WATERS CORP is currently trading @ $42.97 plus $1.35 on Apr 29, 2004. Price Objective: $52.00. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1