Levi Strauss Stock Pops as Jeans Maker Lifts Earnings Guidance—Key Level to Watch

Key TakeawaysLevi Strauss & Co. shares jumped more than 8% in extended trading Wednesday after the company surpassed analysts' quarterly expectations and raised its earnings guidance.Sales in the company's direct-to-consumer business grew 7% in the latest quarter and made up nearly half of the apparel maker's total revenue.A volume-backed breakout in Levi Strauss & Co shares above resistance around $20.20 would indicate underlying momentum behind the current uptrend. Shares in Levi Strauss & Co. (LEVI) jump ...