U.S. CELLULAR CORP (USM-Amex): Technical Viewpoint: From a low of $32.97 on May 20, 2004 prices rallied, reaching a high of $39.60 on Jun 28, 2004. A decline saw prices pull back, reaching a low of $35.90 on Jul 12, 2004. Another rally saw prices penetrate resistance, closing 7/21/04 at $41.68. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 7, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $36.25. Resistance: Is at $42.40. Point & Figure: Reversed to the upside on Jul 21, 2004. A P&F upside reversal takes place at $40.50. Summary: Technical indicators have turned bullish. BUY! U.S. CELLULAR CORP (USM-Amex) @ $42.38 Stop: Use a protective stop of $40.38. U.S. CELLULAR CORP is currently trading @ $41.68 plus $4.86 on Jul 21, 2004. Price Objective: $57.00. Risk/Reward: $2.00 VS. $14.62. Today's Risk Reward Ratio: 7:1