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,, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI, marking a fresh profit of 1.89% in the last session, or 41 cents, and settling at 22.14, amid attempts to shake off negative pressure from the 50-day SMA.
Now the stock is showing an upside trend in all SMA and EMA lines, spanning 10,20,50,100,200 periods, with the EMA 10 line closing above the EMA 20 line, showing positive momentum.
Therefore we expect more gains for the stock, targeting the first resistance of 23.35, provided the support of 20.20 holds on.
Expected trend for today: Bullish