QLOGIC CORP (QLGC-Nasdaq): Technical Viewpoint: From a low of $17.30 on Oct 3, 2001 prices rallied, reaching a high of $44.50 on Oct 25, 2001. A decline saw prices pull back, reaching a low of $37.81 on Oct 30, 2001. Another rally saw prices penetrate resistance, closing 11/5/01 at $44.63. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 12, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $41.50. Resistance: Is at $46.20. Point & Figure: Reversed to the upside on Nov 5, 2001. A P&F upside reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! Qlogic Corp (QLGC-Nasdaq) @ $45.25 Stop: Use a protective stop of $42.50. Qlogic Corp is currently trading @ $44.63 plus $3.79 on Nov 1, 2001. Price Objective: $60.00. Risk/Reward: $2.75 VS. $14.75. Today's Risk Reward Ratio: 5:1