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Look for Shares of iPATH S&P 500 VIX Short-Term Futures ETN to Potentially Rebound after Yesterday's 2.82% Sell Off

By Amy Schwartz

iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $30.47 to a high of $30.91. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $31.53 on volume of 11.9 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 $30.58, which is 229% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.5% while the 200-day MA has remained constant.

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

Ticker(s): VXX