REDBACK NETWORKS (RBAK-Nasdaq): Technical Viewpoint: From a low of $56 1/2 on May 22, 2000 prices rallied, reaching a high of $122 1/2 on Jun 5, 2000. A decline saw prices pull back, reaching a low of $103 1/8 on Jun 13, 2000. Another rally saw prices penetrate resistance, closing 6/26/00 at $154.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 2, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $132.00. Resistance: Is at $164.00. Point & Figure: Reversed to the upside on Jun 26, 2000. A P&F upside reversal takes place at $140.00. Summary: Technical indicators have turned bullish. BUY! REDBACK NETWORKS (RBAK-Nasdaq) @ $155 7/8 Stop: Use a protective stop of $152 3/4. REDBACK NETWORKS is currently trading @ $154.56 plus $19.06 on Jun 26, 2000. Price Objective: $180.00. Risk/Reward: $3 1/8 VS. $24 1/8. Today's Risk Reward Ratio: 8:1