Will Micro Focus continue falling, or will it recover to recent 2410p highs?

• Shares down 27.7% from April highs; Now 1810p (at time of writing).
• Can the stock recover recent 2410p highs?
• Shares -14.3% from 2019 highs; +34.5% from 2019 lows; +29% year-to-date.
• 3 May: Micro Focus International investors can look forward to further value creation through M&A activity, as the company’s track record in this field bodes well for the future, Numis says.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Micro Focus – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 2410p. You decide to buy exposure to £10,000 worth of Micro Focus using a CFD, at the current price of 1810p. To do this, you need £2,000.

Let’s assume Micro Focus recovers back to 2410p April highs (+33%). Your profit would be £3300, 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.