ELAN CORP PLC (ELN-NYSE): Technical Viewpoint: From a low of $36 1/2 on Jun 12, 2000 prices rallied, reaching a high of $52.56 on Jul 10, 2000. A decline saw prices pull back, reaching a low of $47.94 on Jul 13, 2000. Another rally saw prices penetrate resistance, closing 7/28/00 at $51 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 20, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $50.00. Resistance: Is at $52.56. Point & Figure: Reversed to the upside on Jul 29, 2000. A P&F upside reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! ELAN CORP PLC (ELN-NYSE) @ $52 1/8 Stop: Use a protective stop of $49 5/8. ELAN CORP PLC is currently trading @ $51 3/4 plus $1 1/4 on Jul 28, 2000. Price Objective: $64.00. Risk/Reward: $2 1/2 VS. $11 7/8. Today's Risk Reward Ratio: 5:1