McAfee (MFE) NewsBite - MFE Upgraded By Robert W. Baird

Posted: Friday, October 30, 2009 1:11 PM EDT

McAfee (MFE) was upgraded today by analysts at Robert W. Baird and the stock is now at $40.67, down $3.08 (-7.04%) on volume of 5,337,913 shares traded. The analysts lifted MFE to Outperform from Neutral. Over the last 52 weeks the stock has ranged from a low of $24.72 to a high of $45.68. McAfee stock has been showing support around $41.65 and resistance in the $45.07 range. Technical indicators for the stock are bullish and S&P gives MFE a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on MFE the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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