Technical Analysis Of Levi Strauss & Co. - Tuesday, July 11

By AAATrade of AAATrade.com

Tuesday, July 11, 2023 6:45 AM EST

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Today’s instrument is Levi Strauss, an apparel company, traded in the NYSE exchange under the ticker LEVI.

Looking at the LEVI’s chart, we can see that the stock has been in a downtrend whereas it was lastly traded at around $13.25.

Last week, although it announced better-than-expected quarterly earnings, it trimmed the 2023 profit forecast, which led to a further decrease in the share price. Today, if it holds above the support level of $13, then we could see an upward correction towards the price of $14.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of Levi Strauss & Co - 11/07/2023

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