ROWAN COMPANIES (RDC-NYSE): Technical Viewpoint: From a low of $24.57 on Jan 7, 2005 prices rallied, reaching a high of $28.72 on Jan 24, 2005. A decline saw prices pull back, reaching a low of $27.18 on Jan 31, 2005. Another rally saw prices penetrate resistance, closing 2/2/05 at $29.07. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 14, 2005 when the Histogram crossed the "0" line to the upside. Support: Remains at $27.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 2, 2005. A P&F upside reversal takes place at $27.50. Summary: Technical indicators have turned bullish. BUY! ROWAN COMPANIES (RDC-NYSE) @ $29.25 Stop: Use a protective stop of $27.25. ROWAN COMPANIES is currently trading @ $29.07 plus $0.53 on Feb 2, 2005. Price Objective: $42.00. Risk/Reward: $2.00 VS. $12.75. Today's Risk Reward Ratio: 6:1