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

• Shares +15.1% from last week’s lows.
• Now trading 1990p (at the time of writing).
• Will the positive momentum take them back to prior 2512p highs?
• Shares -4.4% from 2019 highs; +50.1% from 2019 lows; +44% year-to-date
• 15 Mar: Micro Focus to return $2.1 billion of funds to shareholders
• 16 May: Micro Focus Backs 2019 Guidance After In Line 1H
• 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 1990p. To do this, you need £2,000.

Let’s assume the Micro Focus trend continues to 2512p highs (+26.2%). Your profit would be £2620, 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 falls 5% and hits your stop-loss. Your loss would be £500.

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