• Return to Headlines

Watch for VelocityShares Daily Inverse VIX ST ETN to Potentially Rebound After Falling 2.08% Yesterday

By James Quinn

VelocityShares Daily Inverse VIX ST ETN (NYSE:XIV) traded in a range yesterday that spanned from a low of $69.97 to a high of $75.41. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $71.48 on volume of 13.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

VelocityShares Daily Inverse VIX ST ETN share prices have moved between a 52-week high of $75.41 and a 52-week low of $15.36 and are now trading 367% above that low price at $71.78 per share. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 2.6%.

SmarTrend recommended that subscribers consider buying shares of VelocityShares Daily Inverse VIX ST ETN on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.54. Since that recommendation, shares of VelocityShares Daily Inverse VIX ST ETN have risen 90.5%. We continue to monitor XIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders velocityshares daily inverse vix st etn

Ticker(s): XIV