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Watch for Invesco Ltd to Potentially Rebound After Falling 4.18% Yesterday

By David Diaz

Invesco Ltd (NYSE:IVZ) traded in a range yesterday that spanned from a low of $20.60 to a high of $21.45. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $21.10 on volume of 1.6 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 33.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Invesco Ltd has traded in a range of $19.66 to $38.43 and is now at $20.76, 6% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1%.

Keywords: rebounders invesco ltd

Ticker(s): IVZ