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.

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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.