Price breaking two days balaance to the upside after a strong trend last week, also IVZ is a financial company , this sector has increased ver 5% last month, also if price wont get the targer on monday , we should take out the trade because it has earning on tuesday
Bull flag formation
Daily and 4hr hidden bullish divergence on the MACD and RSI (MACD on 4hr just confirmed)
Entry is the latest close price
Stop is just below the support of the bull flag
1st Target is the next resistance
2nd Target is the resistance after that
Technical indicators are saying that this broken down stock is a "buy". Tradingview has rated this stock a "strong buy".
It has much room to run up and it can slice through price easily, as it sold off quite easily earlier this year.
This stock is in the S&P500 and could be worth looking into for a bullish trade.
IVZ Beshar Sarah Dir P - Purchase $10.54 +9,500 47,021 +25% +$100,117
IVZ Flanagan Martin L Pres, CEO P - Purchase $10.19 +294,507 4,410,454 +7% +$2,999,988
IVZ Henrikson C Robert Dir P - Purchase $7.93 +12,660 55,334 +30% +$100,356
Ran into this stock not too long ago and it looks like it wants to break out of a pattern. Im not convinced yet since the simple moving average is above the 9 & 21 EMA respectively. Im only interested in that potential $4 move to to $14.81 which is the highlighted target for a swing or position trade. For that reason, I have decided to set an alert as I can...
As they announce a cut in dividend payed by 50% Invesco it's a good buy at the price below 8, as their financials looks good even in these hard time for energy industry.
Disclaimer: I’m not: a certified financial planner/adviser, a certified financial analyst or even an economist. For now, I do this as a hobby.
Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.