McAfee (MFE) Upgrade Alert, Watch for 2.5% Technical Uptrend Continuation

McAfee (NYSE:MFE) upgraded to Outperform from Neutral at RW Baird. The stock closed yesterday at $43.75 on volume of 2,227,700 shares, above average daily volume of 1,786,122.

McAfee is currently above its 50-day moving average of $42.57 and above its 200-day moving average of $37.94.

SmarTrend is bullish on shares of MFE and our subscribers received an Uptrend alert on September 17, 2009 at $42.69, which has returned 2.5% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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