VelocityShares Daily Inverse VIX ST ETN Bullish Moving Average Crossover Alert (XIV)
Today, shares of VelocityShares Daily Inverse VIX ST ETN (NYSE:XIV) have crossed bullishly above their 10-day moving average of $37.17 on a volume of 8.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of VelocityShares Daily Inverse VIX ST ETN have traded between a low of $15.36 and a high of $50.10 and are now at $37.39, which is 143% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has slid 1.5%.
SmarTrend recommended that subscribers consider buying shares of VelocityShares Daily Inverse VIX ST ETN on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.21. Since that recommendation, shares of VelocityShares Daily Inverse VIX ST ETN have risen 39.7%. We continue to monitor XIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses velocityshares daily inverse vix st etn