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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: 368 GBX

LSE:MCRO
Market: LSE
Market Cap: £1.23 billion
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