Will Micro Focus turn, or will it continue to rise towards 2749p highs?

• Breakout above 1929p; Now trading 2006p (at time of writing).
• Could they recover to prior highs of 2749p?
• Shares -1.1% from 2019 highs; +51.3% from 2019 lows; +45.1% year-to-date
• 15 Mar: Micro Focus to return $2.1 billion of funds to shareholders
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Micro Focus – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 2749p. You decide to buy exposure to £10,000 worth of Micro Focus using a CFD, at the current price of 2006p. To do this, you need £2,000.

Let’s assume the Micro Focus trend continues to highs of 2749p (+37%). Your profit would be £3700, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Micro Focus breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

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