• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Invesco Ltd After 2.31% Loss

By Nick Russo

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.

In the past 52 weeks, shares of Invesco Ltd have traded between the current low of $24.31 and a high of $38.43 and are now at $24.87. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.7%.

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.

Keywords: rebounders invesco ltd

Ticker(s): IVZ