From PJs to Jeans
Updated
Why LEVI?
1. Solid earnings
2. Strong online sales - less dependency for box stores
3. W/Vaccine on the horizon it's going to be time to trade in the PJs (zoom meetings) for jeans and slacks (in person), hence increased sales
4. Management has held up the company through COVID and the stock is closing in our pre-covid prices.
Technical:
Cup & Handle formation seen on the chart
1. Solid earnings
2. Strong online sales - less dependency for box stores
3. W/Vaccine on the horizon it's going to be time to trade in the PJs (zoom meetings) for jeans and slacks (in person), hence increased sales
4. Management has held up the company through COVID and the stock is closing in our pre-covid prices.
Technical:
Cup & Handle formation seen on the chart
Trade closed: target reached
sell in May
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