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Invesco Ltd Falls 1.25% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Invesco Ltd (NYSE:IVZ) traded in a range yesterday that spanned from a low of $19.73 to a high of $20.56. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $20.02 on volume of 4.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Invesco Ltdhas traded in a range of $19.73 to $38.43 and are now at $19.80. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.7%.

SmarTrend is tracking the current trend status for Invesco Ltd and will alert subscribers who have IVZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders invesco ltd

Ticker(s): IVZ