LEVI could potentially see its price upward correcting itself at the range of $14

AAATrade Team AAATrade

Today’s instrument is Levi Strauss, an apparel company, traded in 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 the further decrease of 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.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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