We calculate numerically the magnetization direction as function of magnetic field in the StonerWohlfart theory and are able to reproduce the shape of the low-field magnetoresistance hysteresis observed in manganite grain boundary junctions. Moreover, we show that it is necessary to include biaxial magnetocrystalline anisotropy to fully describe the grain boundary magnetoresistance in La0.7Sr0.3MnO3/SrTiO3 bicrystal tunnel junctions.Can the fairly simple model presented by Stoner and Wohlfart in 1948 [1] provide insights in the processes that occur in manganite bicrystal grain boundary junctions? In the following we show how the coherent rotation of the magnetization vector can explain the characteristic features in the field dependence of the magnetoresistance.Recently, a substantial low-field magnetoresistance was observed in grain boundaries of perovskite manganites [2,3] and other half-metallic ferromagnets [4,5]. In order to understand and exploit this effect several studies have used bicrystal grain boundary junctions [6,7,8]. Since bicrystals are samples with well defined crystal orientations with respect to an interface, they are in a way ideal systems for studies of the behaviour of magnetic tunnel junctions. Traditionally, the conductivity of magnetic tunnel junctions is compared with Julliere's model [9], in which the tunneling magnetoresistance is determined by the spin polarization of the electrodes. A more realistic scenario was considered by Slonczewski [10], who used a method to match the wave functions across the tunneling barrier. He derived an expression for direct tunneling through the interface which includes the angle between the directions of the magnetization of the electrodes.