VXX 07/31 30c

Long

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)

AMEX:VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

1. Extremely oversold on RSI
2. 30 psychological support level
3. Bounce off lower BBand
4. SPX reversal on daily charts
5. Price target $35

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