[May 18, 2012] SmarTrend Watching for Potential Pullback in Shares of iPATH S&P 500 VIX Short-Term Futures ETN After 6.48% Gain Tweet May 18, 2012 (SmarTrend(R) News Watch via COMTEX) -- iPATH S&P 500 VIX Short-Term Futures ETN (NYSE:VXX) traded in a range yesterday that spanned from a low of $20.73 to a high of $22.79. Yesterday, the shares gained 6.5%, which took the trading range above the 3-day high of $21.04 on volume of 88.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. 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. Over the past year, iPATH S&P 500 VIX Short-Term Futures ETN has traded in a range of $15.57 to $59.18 and is now at $22.38, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 2.2%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]