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Watch for iPATH S&P 500 VIX Short-Term Futures ETN to Potentially Rebound After Falling 6.80% Yesterday

By James Quinn

iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $13.97 to a high of $14.46. Yesterday, the shares fell 6.8%, which took the trading range below the 3-day low of $14.06 on volume of 49.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, iPATH S&P 500 VIX Short-Term Futures ETN has traded in a range of $12.60 to $31.48 and is now at $14.05, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 3.5%.

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.

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

Ticker(s): VXX