iPATH S&P 500 VIX Mid-Term Futures ETN Down 12.1% Since SmarTrend Downtrend Call (VXZ)

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for iPATH S&P 500 VIX Mid-Term Futures ETN VXZ on March 21, 2011 at $57.22. In approximately 4 months, iPATH S&P 500 VIX Mid-Term Futures ETN has returned 12.1% as of today's recent price of $50.30.

In the past 52 weeks, shares of iPATH S&P 500 VIX Mid-Term Futures ETN have traded between a low of $46.76 and a high of $97.94 and are now at $50.30, which is 8% above that low price.

iPATH S&P 500 VIX Mid-Term Futures ETN is currently below its 50-day moving average of $51.43 and below its 200-day moving average of $60.80. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.25% while the 200-day MA has slid 1.13%.

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 Mid-Term Futures ETN.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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