McAfee Inc. (MFE) — This worldwide security technology company that protects systems and networks from known and unknown threats is consolidating just under its 200-day moving average.
Even though MFE pulled back from a high of more than $40 last September to below $25 in October, the stock has held above its bullish support line and, thus, is still in a bull market.
A break above $36 would signal that a new major advance is underway with a long-term target of better than $40.
Get Sam Collins’ Daily Trader’s Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!
In addition to getting instant access to his Trade of the Day, you’ll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!
Click here today to sign up today for Sam’s FREE Daily Trader’s Alert!
Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.