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VelocityShares Daily Inverse VIX ST ETN Shares Up 17.3% Since SmarTrend's Buy Recommendation (XIV)
Feb 20, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for VelocityShares Daily Inverse VIX ST ETN (NYSE:XIV) on January 7th, 2013 at $18.74. In approximately 1 month, VelocityShares Daily Inverse VIX ST ETN has returned 17.32% as of today's recent price of $21.98.
Over the past year, VelocityShares Daily Inverse VIX ST ETN has traded in a range of $8.06 to $24.17 and is now at $22.00, 173% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.0%.
VelocityShares Daily Inverse VIX Short-Term 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 inverse performance of the underlying index, the S&P 500 VIX Short-Term Futures Index less the Investor Fee.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of VelocityShares Daily Inverse VIX ST ETN shares.Log in and add VelocityShares Daily Inverse VIX ST ETN (XIV) 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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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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