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Shares of VXX Down 55.5% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) on November 21st, 2016 at $28.22. In approximately 7 months, iPATH S&P 500 VIX Short-Term Futures ETN has returned 55.50% as of today's recent price of $12.56.

Over the past year, iPATH S&P 500 VIX Short-Term Futures ETN has traded in a range of $9.30 to $42.41 and is now at $12.56, 35% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 3.5%.

iPath S&P 500 VIX Short-Term Futures ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, the S&P 500 Short-Term VIX Futures TR Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of iPATH S&P 500 VIX Short-Term Futures ETN.

Log in and add iPATH S&P 500 VIX Short-Term Futures ETN (VXX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

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

Ticker(s): VXX