SmarTrend Watching for Potential Pullback in Shares of iPATH S&P 500 VIX Short-Term Futures ETN After 1.33% Gain
iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $36.26 to a high of $36.88. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $36.86 on volume of 12.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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, iPATH S&P 500 VIX Short-Term Futures ETN share prices have been bracketed by a low of $9.30 and a high of $38.44 and are now at $36.64, 294% 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