On Monday, Levi Strauss earned an upgrade to its Relative Strength (RS) Rating, from 61 to 73.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to the rest of the market.
History reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Levi Strauss can continue to show renewed price strength and hit that benchmark.
Levi Strauss is now considered extended and out of buy range after clearing a 17.22 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While the company's top line growth fell last quarter from 12% to 3%, the bottom line grew 52%, up from 14% in the prior report. The next quarterly results are expected on or around Jul. 10.
The company holds the No. 6 rank among its peers in the Apparel-Clothing Manufacturing industry group. Tapestry, Ralph Lauren Cl A and Canada Goose Holdings are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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