iPATH S&P 500 VIX Short-Term Futures ETN Set to Possibly Rebound After Yesterday's Selloff of 1.79%
iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $12.60 to a high of $12.79. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $12.79 on volume of 25.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
iPATH S&P 500 VIX Short-Term Futures ETN share prices have moved between a 52-week high of $31.48 and the current low of $12.60 and are currently at $12.68 per share. 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 recommended that its subscribers protect gains by selling shares of iPATH S&P 500 VIX Short-Term Futures ETN on February 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $24.37. Since that call, shares of iPATH S&P 500 VIX Short-Term Futures ETN have fallen 47.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders ipath s&p 500 vix short-term futures etn