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Invesco Ltd Set to Possibly Rebound After Yesterday's Selloff of 2.31%

By Shiri Gupta

Invesco Ltd (NYSE:IVZ) traded in a range yesterday that spanned from a low of $24.31 to a high of $25.19. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $25.08 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 21.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Invesco Ltdhas traded in a range of $24.31 to $38.43 and are now at $24.87. The 200-day and 50-day moving averages have moved 0.72% lower and 0.69% lower over the past week, respectively.

Keywords: rebounders invesco ltd

Ticker(s): IVZ