Long Position on MFGP @ $25.00 on 6/18/2019 (Momentum)

Micro Focus International plc (MFPG) is a British infrastructure software company.

It develops, sells, and supports software products and solutions to small and medium size enterprises.

The company offers infrastructure software products that are managed on an investment portfolio.

Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance. 

Shares have formed a bullish "cup and handle" and are expected to move higher from present level.

Entry Point: $25.00

Trading Range: $14.73 - $27.32

Stop Loss: $23.50

Target Price: $27.50

Updates

7/15/2019 12:36:04 PM

MFGP closed at $20.70

Position closed on 7/15/2019 at price of $20.70 with a -17.20% loss in 27 days.

Back to Portfolio