👖📈 LEVI STRAUSS & CO. ANALYSIS
1
Levi Strauss & Co. reported 3rd Quarter August 2021 earnings of $0.48 per share on revenue of $1.5 billion. The consensus earnings estimate was $0.38 per share on revenue of $1.5 billion. Revenue grew 40.9% on a year-over-year basis.
2
On 07.10.2021 the Levi Strauss & Co. stock formed a consolidation area ranging from $27.00 - $25.53.
WHAT DO I EXPECT NEXT?
3
I can imagine that the Levi Strauss & Co. stock will continue to consolidate within the range and might break out as soon as the entire market has strength. If the stock goes above $27.00 with high volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $25.53 the trading scenario is not invalid.
What are your thoughts? Leave a comment down below 👇
