iPATH S&P 500 VIX Short-Term Futures ETN Set to Possibly Rebound After Yesterday's Selloff of 3.47%
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.
In the past 52 weeks, shares of iPATH S&P 500 VIX Short-Term Futures ETN have traded between a low of $9.30 and a high of $42.41 and are now at $33.67, which is 262% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 3.5%.
Keywords: rebounders ipath s&p 500 vix short-term futures etn