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After Yesterday's Decline of 3.47%, iPATH S&P 500 VIX Short-Term Futures ETN Offers Investors Better Value

By James Quinn

iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $33.56 to a high of $34.18. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $34.13 on volume of 14.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, iPATH S&P 500 VIX Short-Term Futures ETN has traded in a range of $9.30 to $42.41 and is now at $33.67, 262% above that low. The 200-day and 50-day moving averages have moved 0.01% higher and 3.46% lower over the past week, respectively.

Keywords: rebounders ipath s&p 500 vix short-term futures etn

Ticker(s): VXX