Invesco Limited Stock Code IVZ.NYS
Outlook
Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bearish with both its lines below the zero line but MACD had a bullish crossover and is moving higher, which is a hint of a bullish price trend. If price is able to stay above the cloud, it could be heading towards the next resistance point at $26.89 in the next 2-3 weeks.
Strategy
$24.40 Buy
$26.90 Price Target
$23.60 Risk Management Stop
3 weeks Trade Duration
