• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of iPATH S&P 500 VIX Short-Term Futures ETN After 1.39% Loss

By David Diaz

iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $13.48 to a high of $13.79. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $13.50 on volume of 21.1 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 $42.41 and a 52-week low of $9.30 and are now trading 45% above that low price at $13.53 per share. The 200-day and 50-day moving averages have moved 0.01% higher and 3.46% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of iPATH S&P 500 VIX Short-Term Futures ETN on November 21st, 2016 by issuing a Downtrend alert when the shares were trading at $28.22. Since that call, shares of iPATH S&P 500 VIX Short-Term Futures ETN have fallen 51.5%. 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

Ticker(s): VXX