Invesco Bearish Moving Average Crossover Alert (IVZ)
Invesco (NYSE:IVZ) crossed under its 10-day moving average of $31.21 on a volume of 953K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Invesco share prices have been bracketed by a low of $23.01 and a high of $41.93 and are now at $31.05, 35% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.0%.
SmarTrend recommended that subscribers consider buying shares of Invesco on July 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.04. Since that recommendation, shares of Invesco have risen 8.4%. We continue to monitor IVZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses invesco