(Finance) – Discount for Levi Strausstrading down 5.70% on previous levels after the company, one of the world’s largest apparel companies, lowered its earnings estimates for this year.
The one-week trend of Levi Strauss is more sluggish than the trend ofS&P-500. Such decline could trigger opportunities for the market to sell the stock.
The medium-term implications of Levi Strauss confirm the presence of an uptrend. However, the short-term scenario shows an exhaustion of the positive force at the resistance test identified at 13.57 USD with the first support seen at 13.11. Expectations are for a negative extension towards 12.81 in an appropriately short time.