Will Micro Focus turn, or will it continue to rise to Nov ’17 highs around 2749p?

• Shares +43.2% since Christmas.
• Shares closed the gap back to Mar ’18 drop levels.
• Shares broken out of a Nov-Dec rising range at 1765p.
• Now trading 1852p (at the time of writing).
• Will the positive momentum continue towards 2749p?
• Shares trade at 2019 highs; +36.65% from 2019 lows; +33.8% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Micro Focus – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Micro Focus using a CFD, at the current price of 1852p. To do this, you need £2,000.

Let’s assume the Micro Focus trend continues to Nov ’17 highs around 2749p (+48.4%). Your profit would be £4840, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. Micro Focus falls 7% and hits your stop-loss. Your loss would be £700.

This is provided for information purposes only. It should not be taken as a recommendation.