RAYTHEON CO (RTNB-Nasdaq): Technical Viewpoint: From a low of $49.31 on Dec 23, 1998 prices rallied, reaching a high of $57.56 on Feb 23, 1999. A decline saw prices pull back, reaching a low of $51.31 on Mar 10, 1999. Another rally saw prices penetrate resistance, closing 3/24/99 at $57 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 18, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $52.00. Resistance: Is at $59.00. Point & Figure: Reversed to the upside on Mar 3, 1999. A P&F upside reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! RAYTHEON CO (RTNB-Nasdaq) @ $57 7/8 Stop: Use a protective stop of $55 5/8. RAYTHEON CO is currently trading @ $57 1/4 plus $1.00 on Mar 24, 1999. Price Objective: $77 1/2. Risk/Reward: $2 1/4 VS. $19 5/8. Today's Risk Reward Ratio: 8:1