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Invesco Ltd Falls 2.99% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Invesco Ltd (NYSE:IVZ) traded in a range yesterday that spanned from a low of $23.25 to a high of $24.25. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $23.79 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Invesco Ltd share prices have moved between a 52-week high of $38.43 and the current low of $23.25 and are currently at $23.36 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.5%.

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 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders invesco ltd

Ticker(s): IVZ