Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Manchester United's stock (MANU) rose in the intraday levels, while seeking a bottom to gather more momentum and regain losses, while venting off overbought saturation in the RSI, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 23.70, provided it holds above the pivotal resistance of 20.86.
Expected trend for today: Bullish