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Invesco Ltd Crosses Below its 10-day MA (IVZ)

By David Diaz

Today, shares of Invesco Ltd (NYSE:IVZ) have fallen below their 10-day MA of $19.54 on a volume of 372K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Invesco Ltd share prices have moved between a 52-week high of $33.55 and a 52-week low of $15.38 and are now trading 25% above that low price at $19.25 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Invesco Ltd on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.51. Since that recommendation, shares of Invesco Ltd have risen 13.1%. We continue to monitor IVZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses invesco ltd

Ticker(s): IVZ