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Invesco Ltd (IVZ) Breaks Through Resistance at $31.10

By James Quinn

Invesco Ltd (NYSE:IVZ) has opened bullishly above the pivot of $30.87 today and has reached the first level of resistance at $31.10. Investors may be interested in a cross of the next upside pivot targets of $31.34 and $31.81.

In the past 52 weeks, shares of Invesco Ltd have traded between the 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 climbed 1.0% while the 200-day MA has slid 0.5%.

Invesco Ltd (NYSE:IVZ) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $41.27. Invesco Ltd shares should first meet resistance at the 50-day moving average (MA) of $30.25 and find additional resistance at the 200-day MA of $31.92.

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 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts invesco ltd

Ticker(s): IVZ