Manchester Uniteds stock price (MANU) rose in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the important resistance of $17.26, provided it settles above $16.46.

Trend forecast: Bullish