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After Yesterday's Rally of 1.49% Shares Could Potentially Pullback

By Amy Schwartz

Invesco Ltd (NYSE:IVZ) traded in a range yesterday that spanned from a low of $35.78 to a high of $36.51. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $35.99 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Invesco Ltd share prices have been bracketed by a low of $23.02 and a high of $36.35 and are now at $36.34, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.5%.

SmarTrend recommended that subscribers consider buying shares of Invesco Ltd on June 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.19. Since that recommendation, shares of Invesco Ltd have risen 8.2%. We continue to monitor IVZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders invesco ltd

Ticker(s): IVZ