ALPHARMA INC (ALO-NYSE): Technical Viewpoint: From a low of $26.25 on Oct 10, 2008 prices rallied, reaching a high of $35.10 on Oct 14, 2008. A decline saw prices pull back, reaching a low of $26.10 on Oct 28, 2008. Another rally saw prices penetrate resistance, closing 11/14/08 at $34.75. Technicals: MACD Index (MACD): A Buy Alert! was given on Nov 14, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $29.00. Resistance: Is at $34.80. Point & Figure: Reversed to the upside on Nov 14, 2008. A P&F upside reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! ALPHARMA INC (ALO-NYSE) @ $34.88 Stop: Use a protective stop of $32.88. ALPHARMA INC is currently trading @ $34.75 plus $4.25 on Nov 14, 2008. Price Objective: $47.50. Risk/Reward: $2.00 VS. $12.62. Today's Risk Reward Ratio: 6:1