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Recent 52-Week Low Surpassed in Shares of Invesco Ltd (IVZ)

By David Diaz

Shares of Invesco Ltd (NYSE:IVZ) traded at a new 52-week low today of $24.60. So far today approximately 890,000 shares have been exchanged, as compared to an average 30-day volume of 4 million shares.

Over the past year, Invesco Ltdhas traded in a range of $24.60 to $38.43 and are now at $24.61. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.7%.

Invesco Ltd (NYSE:IVZ) has potential upside of 46.3% based on a current price of $24.61 and analysts' consensus price target of $36.00. The stock should find initial resistance at its 50-day moving average (MA) of $26.61 and further resistance at its 200-day MA of $31.87.

Invesco Ltd. provides investment management services. The Company offers equity, fixed income, separate accounts, exchange traded, collective, and balance mutual funds. Invesco serves customers globally.

SmarTrend recommended that its subscribers protect gains by selling shares of Invesco Ltd on March 20th, 2018 by issuing a Downtrend alert when the shares were trading at $32.63. Since that call, shares of Invesco Ltd have fallen 21.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows invesco ltd

Ticker(s): IVZ