WESTERN GAS RESOURCES (WGR-NYSE): Technical Viewpoint: From a low of $26.30 on May 21, 2004 prices rallied, reaching a high of $33.45 on Jul 6, 2004. A decline saw prices pull back, reaching a low of $31.80 on Jul 13, 2004. Another rally saw prices penetrate resistance, closing 7/14/04 at $34.03. Technicals: RSI Index (RSI): A Buy Alert! was given on Jul 14, 2004 when the solid line crossed the dotted line to the upside. Support: Remains at $31.88. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 25, 2004. A P&F upside reversal takes place at $32.50. Summary: Technical indicators have turned bullish. BUY! WESTERN GAS RESOURCES (WGR-NYSE) @ $34.13 Stop: Use a protective stop of $32.13. WESTERN GAS RESOURCES is currently trading @ $34.03 plus $2.11 on Jul 14, 2004. Price Objective: $46.00. Risk/Reward: $2.00 VS. $11.87. Today's Risk Reward Ratio: 6:1