Here's Why Manchester United (MANU) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Manchester United (MANU) - Manchester United currently holds a Momentum Style Score of B, indicating potential for solid momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong performance expectations [3] Price Performance - Over the past week, MANU shares increased by 0.7%, while the Zacks Leisure and Recreation Services industry rose by 2.13% [5] - In a longer timeframe, MANU's monthly price change is 36.55%, significantly outperforming the industry's 2.82% [5] - Over the past quarter, MANU shares have increased by 46.87%, and by 19.35% over the last year, compared to the S&P 500's gains of 6.01% and 13.18%, respectively [6] Trading Volume - The average 20-day trading volume for MANU is 383,856 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - Recent earnings estimate revisions for MANU show one upward revision and no downward revisions, improving the consensus estimate from -$0.74 to -$0.38 over the past 60 days [9] - For the next fiscal year, there has been one upward estimate revision with no downward changes [9] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, MANU is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling option for near-term investment [11]