$Invesco(IVZ)$ Double bottom retest - 2 to 10 days timeframe. Technical suggest more pain ahead.
Momentum is negative on ROC and Stochastic. RSI is 32.3 for 14 days.
Summary of earning:
Adjusted net revenue $1.05 billion, -2.1% y/y, estimate $1.08 billion
Net flows +$16.5 billion, +83% y/y, estimate +$13.66 billion
Adjusted EPS 33c vs. 38c y/y, estimate 40c
Operating revenue $1.48 billion, +4% y/y, estimate $1.52 billion
Operating revenue from investment management fees $1.05 billion, +2% y/y, estimate $1.02 billion (2 estimates)
Performance fees $0.8 million, -86% y/y, estimate $8.7 million (2 estimates)
Adjusted operating margin 28.2% vs. 30.4% y/y, estimate 29%
Operating margin 14.4% vs. 14.8% y/y
Ending assets under management $1.66 trillion, +12% y/y, estimate $1.67 trillion
Average assets under management $1.61 trillion, +10% y/y, estimate $1.62 trillion
Personally, I will wait for double bottom to add position. What's your play ?
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- groot_trades·04-24Down today as per the technicalsLikeReport