PRAXAIR INC (PX-NYSE): Technical Viewpoint: From a low of $44.00 on Oct 20, 1999 prices rallied, reaching a high of $49.50 on Nov 17, 1999. A decline saw prices pull back, reaching a low of $43.69 on Nov 30, 1999. Another rally saw prices penetrate resistance, closing 1/6/99 at $53 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 17, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $49.00. Resistance: Is at $51.00. Point & Figure: Reversed to the upside on Jan 6, 2000. A P&F upside reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! PRAXAIR INC (PX-NYSE) @ $53 3/4 Stop: Use a protective stop of $50 7/8. PRAXAIR INC is currently trading @ $53 1/2 plus $3.69 on Jan 6, 2000. Price Objective: $65.00. Risk/Reward: $2 7/8 VS. $11 1/4. Today's Risk Reward Ratio: 4:1