MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Shares Gap Down – Time to Sell?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $7.08, but opened at $6.84. MAX Auto Industry -3x Inverse Leveraged ETN shares last traded at $6.84, with a volume of 296 shares.

MAX Auto Industry -3x Inverse Leveraged ETN Price Performance

The firm has a fifty day simple moving average of $7.00 and a two-hundred day simple moving average of $9.41.

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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