Look for Shares of iPATH S&P 500 VIX Short-Term Futures ETN to Potentially Pullback after Yesterday's 12.07% Rise
iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $37.63 to a high of $41.19. Yesterday, the shares gained 12.1%, which took the trading range above the 3-day high of $39.71 on volume of 54.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, iPATH S&P 500 VIX Short-Term Futures ETN share prices have been bracketed by a low of $9.30 and a high of $41.19 and are now at $40.21, 332% 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%.
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.
Keywords: rebounders ipath s&p 500 vix short-term futures etn