Ron Meisels
McAfee Inc.
MFE-N
TOP PICK
Sep 27, 2007
Internet security. Has it been in a long-term congestion area, broke out and is now doing another congestion area. It is on the verge of breaking again. Had stayed with its 200-day moving average even though the market had dropped off.
(A Top Pick Sept 27/07. Up 6%.) Has gone through an accumulation stage and is probably ready to go. Short term MACD is positive. The problem will be the overhead resistance. If it goes past $38, it would be a Buy.
(A Top Pick Sept 27/07. Up 13%.) Picked this because it had been making a double bottom and had successfully tested the $30 level. Looks like it is ready to start moving again. Buy on the breakout at about $41.
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