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Shares of Invesco Ltd Fall Below Previous 52-Week Low

By Nick Russo

Shares of Invesco Ltd (NYSE:IVZ) traded today at $20.86, breaking its 52-week low. So far today approximately 907,000 shares have been exchanged, as compared to an average 30-day volume of 4.4 million shares.

In the past 52 weeks, shares of Invesco Ltd have traded between the current low of $20.86 and a high of $38.43 and are now at $21.17. The 200-day and 50-day moving averages have moved 0.75% lower and 1.23% lower over the past week, respectively.

Invesco Ltd (NYSE:IVZ) has potential upside of 70.1% based on a current price of $21.17 and analysts' consensus price target of $36.00. The stock should run into initial resistance at its 50-day moving average (MA) of $24.07 and subsequent resistance at its 200-day MA of $29.23.

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 35.2%. 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