Mcafee Jumps On News

Fri. August 01, 2008; Posted: 09:48 AM

(RTTNews) - Mcafee (MFE | Quote | Chart | News | PowerRating) gapped open higher and has continued to advance during the first 15 minutes of trading. The rally comes after the company reported its second quarter earnings, boosted its 2008 fiscal year outlook and announced the acquisition of Reconnex.

The stock added onto Thursday's gains and surpassed its 50-day moving average, up $2.66 at $35.41.

For full details on McAfee Inc (MFE) click here. McAfee Inc (MFE) has Short Term PowerRatings of 5. Details on McAfee Inc (MFE) Short Term PowerRatings is available at This Link.

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