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Bearish Moving Average Cross by Invesco Ltd (IVZ)

By Shiri Gupta

Today, shares of Invesco Ltd (NYSE:IVZ) have crossed bearishly below their 10-day moving average of $19.76 on a volume of 2.6 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Invesco Ltd has traded in a range of $15.38 to $27.59 and is now at $19.34, 26% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Invesco Ltd and will alert subscribers who have IVZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses invesco ltd

Ticker(s): IVZ