SmarTrend Watching for Potential Rebound in Shares of iPATH S&P 500 VIX Short-Term Futures ETN After 2.04% Loss
iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $32.50 to a high of $32.98. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $32.88 on volume of 11.4 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 $32.63, which is 251% 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