MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Gap Up – Still a Buy?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $6.75, but opened at $6.94. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $6.96, with a volume of 7,051 shares.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The company’s fifty day moving average price is $7.13 and its 200 day moving average price is $9.51.

MAX Auto Industry -3x Inverse Leveraged ETN Company Profile

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The MAX Auto Industry -3x Inverse Leveraged ETN (CARD) is an exchange-traded fund that is based on the Prime Auto Industry index. The fund is an exchange-traded note that tracks -3x the daily price movements of an index consisting of US-listed companies in the broader auto industry ecosystem. The index selects equities by market-cap and weights the resulting portfolio by liquidity.

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