ESTERLINE TECHNOLOGY (ESI-NYSE): Technical Viewpoint: From a low of $30.43 on Oct 22, 2004 prices rallied, reaching a high of $35.27 on Nov 10, 2004. A decline saw prices pull back, reaching a low of $32.10 on Nov 18, 2004. Another rally saw prices penetrate resistance, closing 11/19/04 at $34.15. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 1, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $31.88. Resistance: Is at $34.88. Point & Figure: Reversed to the upside on Oct 29, 2004. A P&F upside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! ESTERLINE TECHNOLOGY (ESI-NYSE) @ $34.25 Stop: Use a protective stop of $32.25. ESTERLINE TECHNOLOGY is currently trading @ $34.15 plus $1.78 on Nov 19, 2004. Price Objective: $48.00. Risk/Reward: $2.00 VS. $13.75. Today's Risk Reward Ratio: 7:1