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Invesco Ltd (IVZ) Approaches New Downside Target of $25.50

By Nick Russo

Shares of Invesco Ltd (NYSE:IVZ) opened today below their pivot of $26.25 and have already reached the first level of support at $25.77. Analysts will be watching for a cross of the next downside pivot targets of $25.50 and $24.75.

In the past 52 weeks, Invesco Ltd share prices have been bracketed by a current low of $0.00 and a high of $38.43 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.4%.

Invesco Ltd has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $36.00. The stock should run into initial resistance at its 50-day moving average (MA) of $27.59 and subsequent resistance at its 200-day MA of $32.88.

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: pivot alerts invesco ltd

Ticker(s): IVZ