Breakout Play Invesco
Trian Fund Management accumulates 9.9% stake in Invesco.
Share this:
On Friday, Invesco (IVZ), a provider of investment management services, gapped up 5.6% at the opening bell after The Wall Street Journal reported that Trian Fund Management has accumulated a 9.9% stake in the company.
Looking at a daily chart, Invesco's stock price has just broken out to the upside of a resistance band ranging from 11.56 to 11.78 that price has been holding beneath since June. Price has also penetrated above its 200-day simple moving average (SMA) and the RSI is showing upside momentum. As long as the closing price can hold above the lowest level of the resistance band at 11.56 price will likely advance. If price can reach its 14.00 resistance level and breakout to the upside, we could see a run for 15.50. If price can get above 15.50, price could continue rising. If price closes below 11.56, then the breakout has failed. Price will then probably re-enter its consolidation area under the resistance band and above 9.70. If price holds above 9.70 it could potentially try for another breakout above the resistance band. If price breaks out below 9.70, it would be a bearish signal that could send prices tumbling down.
Source: GAIN Capital, TradingView
Looking at a daily chart, Invesco's stock price has just broken out to the upside of a resistance band ranging from 11.56 to 11.78 that price has been holding beneath since June. Price has also penetrated above its 200-day simple moving average (SMA) and the RSI is showing upside momentum. As long as the closing price can hold above the lowest level of the resistance band at 11.56 price will likely advance. If price can reach its 14.00 resistance level and breakout to the upside, we could see a run for 15.50. If price can get above 15.50, price could continue rising. If price closes below 11.56, then the breakout has failed. Price will then probably re-enter its consolidation area under the resistance band and above 9.70. If price holds above 9.70 it could potentially try for another breakout above the resistance band. If price breaks out below 9.70, it would be a bearish signal that could send prices tumbling down.
Source: GAIN Capital, TradingView
On Friday, Invesco (IVZ), a provider of investment management services, gapped up 5.6% at the opening bell after The Wall Street Journal reported that Trian Fund Management has accumulated a 9.9% stake in the company.
Looking at a daily chart, Invesco's stock price has just broken out to the upside of a resistance band ranging from 11.56 to 11.78 that price has been holding beneath since June. Price has also penetrated above its 200-day simple moving average (SMA) and the RSI is showing upside momentum. As long as the closing price can hold above the lowest level of the resistance band at 11.56 price will likely advance. If price can reach its 14.00 resistance level and breakout to the upside, we could see a run for 15.50. If price can get above 15.50, price could continue rising. If price closes below 11.56, then the breakout has failed. Price will then probably re-enter its consolidation area under the resistance band and above 9.70. If price holds above 9.70 it could potentially try for another breakout above the resistance band. If price breaks out below 9.70, it would be a bearish signal that could send prices tumbling down.
Source: GAIN Capital, TradingView
Looking at a daily chart, Invesco's stock price has just broken out to the upside of a resistance band ranging from 11.56 to 11.78 that price has been holding beneath since June. Price has also penetrated above its 200-day simple moving average (SMA) and the RSI is showing upside momentum. As long as the closing price can hold above the lowest level of the resistance band at 11.56 price will likely advance. If price can reach its 14.00 resistance level and breakout to the upside, we could see a run for 15.50. If price can get above 15.50, price could continue rising. If price closes below 11.56, then the breakout has failed. Price will then probably re-enter its consolidation area under the resistance band and above 9.70. If price holds above 9.70 it could potentially try for another breakout above the resistance band. If price breaks out below 9.70, it would be a bearish signal that could send prices tumbling down.
Source: GAIN Capital, TradingView
Related tags:
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
USD/JPY Q4 2026 Outlook: Hawkish Fed Pricing Clashes With Intervention Risk
The year-end tug-of-war is clear: hawkish Fed pricing supports USD/JPY, while intervention risk limits the upside.
Japanese Yen Forecast: USD/JPY 4% Rally Challenges Post-Intervention Downtrend 9 24 2026
USD/JPY momentum has shifted sharply higher, putting a major resistance confluence in focus as U.S. and Japanese event risk builds.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.