iPATH S&P 500 VIX Short-Term Futures ETN Bearish Moving Average Crossover Alert (VXX)
Today, shares of iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) have crossed bearishly below their 10-day moving average of $35.00 on a volume of 12.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, iPATH S&P 500 VIX Short-Term Futures ETN share prices have been bracketed by a low of $9.30 and a high of $42.41 and are now at $34.36, 269% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.5% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for iPATH S&P 500 VIX Short-Term Futures ETN and will alert subscribers who have VXX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses ipath s&p 500 vix short-term futures etn