Market Overview

iPATH S&P 500 VIX Short-Term Futures ETN Trading Higher on 1x Above-Average Volume (VXX)

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Shares of iPATH S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) are trading up 12% to $33.96 today on above average volume. Approximately 36 million shares have traded hands today vs. average 30-day volume of 35.4 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of VXX to see if this bullish momentum will continue.

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 last five trading sessions, the 50-day MA has climbed 1.29% while the 200-day MA has slid 2.42%.

In the past 52 weeks, shares of iPATH S&P 500 VIX Short-Term Futures ETN have traded between a low of $19.88 and a high of $96.40 and are now at $32.62, which is 64% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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