NIKE INC (NKE-NYSE): Technical Viewpoint: From a low of $36 3/8 on Oct 23, 2000 prices rallied, reaching a high of $44.94 on Nov 8, 2000. A decline saw prices pull back, reaching a low of $40 1/4 on Dec 7, 2000. Another rally saw prices penetrate resistance, closing 12/14/00 at $48.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Nov 12, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $45 5/8. Resistance: Is at $48 3/4. Point & Figure: Reversed to the upside on Dec 8, 2000. A P&F upside reversal takes place at $45 3/4. Summary: Technical indicators have turned bullish. BUY! NIKE INC (NKE-NYSE) @ $48 1/8 Stop: Use a protective stop of $45 3/8. NIKE INC is currently trading @ $48.00 plus $2.94 on Dec 14, 2000. Price Objective: $62.00. Risk/Reward: $2 3/4 VS. $13 7/8. Today's Risk Reward Ratio: 5:1