VelocityShares Daily Inverse VIX ST ETN Crosses Above its 10-day MA (XIV)
VelocityShares Daily Inverse VIX ST ETN (NYSE:XIV) shares have crossed bullishly above their 10-day moving average of $28.08 on a volume of 7.0 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.
Over the past year, VelocityShares Daily Inverse VIX ST ETN has traded in a range of $15.36 to $50.10 and is now at $28.31, 84% above that low. 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 March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.84. Since that recommendation, shares of VelocityShares Daily Inverse VIX ST ETN have risen 39.4%. 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