SHAW GROUP INC (SGR-NYSE): Technical Viewpoint: From a low of $11.47 on Nov 20, 2008 prices rallied, reaching a high of $22.74 on Dec 18, 2008. A decline saw prices pull back, reaching a low of $18.34 on Dec 26, 2008. Another rally saw prices penetrate resistance, closing 1/9/09 at $28.37. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 8, 2009 when the solid line crossed the dotted line to the upside. Support: Remains at $24.89. Resistance: Is at $30.43. Point & Figure: Reversed to the upside on Jan 8, 2009. A P&F upside reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! SHAW GROUP INC (SGR-NYSE) @ $29.13 Stop: Use a protective stop of $27.13. SHAW GROUP INC is currently trading @ $28.37 plus $1.04 on Jan 9, 2009. Price Objective: $39.50. Risk/Reward: $2.00 VS. $10.35. Today's Risk Reward Ratio: 5:1