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SmarTrend Watching for Potential Rebound in Shares of iPATH S&P 500 VIX Short-Term Futures ETN After 1.09% Loss

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 $15.28 to a high of $15.86. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $15.31 on volume of 44.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in iPATH S&P 500 VIX Short-Term Futures ETN. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iPATH S&P 500 VIX Short-Term Futures ETN in search of a potential trend change.

In the past 52 weeks, iPATH S&P 500 VIX Short-Term Futures ETN share prices have been bracketed by a low of $12.60 and a high of $31.48 and are now at $15.41, 22% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 3.46% lower over the past week, respectively.

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

Ticker(s): VXX