Below is the is the Cash Pile call for Friday, 16 October, as follows
Levi Strauss & Co. (NYSE:LEVI): is the iconic denim brand and is seeing a resurgence in demand, and management is optimistic about the near term. Shares closed Thursday at 16.02 and have a consensus price target at 19.40 Vs my Very Bullish, across the board call at 23.55 as all Key technical indicators are flashing Very Bullish.
LEVI broke out on 1 October at 13,94 and confirmed Thursday, 15 October at 16.02. Support is deep, Resistance is Nil.
Levi Strauss & Co. operates as an apparel company. It designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia.
The company sells its products under the Levi’s, Dockers, Signature by Levi Strauss & Co., and Denizen brands; and also licenses its Levi’s and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.
The company sells its products through third-party retailers, such as department stores, specialty retailers, third-party e-commerce sites, and franchisees who operate brand-dedicated stores; and directly to consumers through various formats, including company-operated mainline and outlet stores, company-operated e-Commerce sites, and select shop-in-shops located in department stores and other third-party retail locations.
It operates approximately 3,000 retail stores and shop-in-shops. The company was founded in Y 1853 and is HQ’d in San Francisco, California.
Have a healthy week, Keep the Faith!