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Shares of VXZ Down 53.7% Since Downtrend Call on Shares
Feb 26, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for iPATH S&P 500 VIX Mid-Term Futures ETN (NYSE:VXZ) on June 19th, 2012 at $48.17. In approximately 8 months, iPATH S&P 500 VIX Mid-Term Futures ETN has returned 53.71% as of today's recent price of $22.30.
In the past 52 weeks, iPATH S&P 500 VIX Mid-Term Futures ETN share prices have been bracketed by a low of $21.25 and a high of $57.49 and are now at $22.30, 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.3%.
iPATH S&P 500 VIX Mid-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 its underlying index, the S&P 500 Mid-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 Mid-Term Futures ETN.
Log in and add iPATH S&P 500 VIX Mid-Term Futures ETN (VXZ) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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