• Return to Headlines

Next Resistance Level for Invesco Ltd (IVZ) is $19.84

By Nick Russo

Shares of Invesco Ltd (NYSE:IVZ) opened today above their pivot of $19.60 and have already reached the first level of resistance at $19.75. Should the shares continue to rise, the resistance pivots of $19.84 and $20.08 will be of interest.

In the past 52 weeks, shares of Invesco Ltd have traded between a low of $15.38 and a high of $35.03 and are now at $19.65, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.1%.

Invesco Ltd has overhead space with shares priced $19.65, or 45.4% below the average consensus analyst price target of $36.00. The stock should hit resistance at its 200-day moving average (MA) of $22.08, as well as support at its 50-day MA of $18.52.

SmarTrend recommended that subscribers consider buying shares of Invesco Ltd on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.51. Since that recommendation, shares of Invesco Ltd have risen 10.5%. We continue to monitor IVZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts invesco ltd

Ticker(s): IVZ