logo-loader
viewMicro Focus International plc

Micro Focus can hit £26, claims Zak Mir

Shares in software firm Micro Focus International PLC (LON:MCRO) could add the best part of 20% in the coming months, according to technical analyst Zak Mir.

“As far as the technicals are concerned, there’s been a recovery here since the summer of 2015, breaking above the 200-day moving average at the end of that year and really bouncing on that ever since,” says Mir.

“At least while we’re above the 200-day moving average at £19.99, the upside here could be as great as £26.”

Quick facts: Micro Focus International plc

Price: 1052.6 GBX

LSE:MCRO
Market: LSE
Market Cap: £3.51 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Things coming together nicely in Greenland, says Bluejay Mining's CEO

Rod McIllree, Bluejay Mining PLC’s (LON:JAY) chief executive, tells Proactive that all three of its projects in Greenland are shaping up nicely with plenty of interest from mining giants. Dundas is the flagship and here a bulk sample of mineral sands has been shipped to a Rio Tinto facility...

2 days, 4 hours ago

RNS

Total Voting Rights

1 week, 6 days ago

Notification of major holdings

2 weeks, 3 days ago

Trading update

3 weeks, 4 days ago

Director Declaration

3 weeks, 6 days ago

Total Voting Rights

on 1/11/19

2 min read