MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARD) Sees Unusually-High Trading Volume – Still a Buy?

MAX Auto Industry -3x Inverse Leveraged ETN (NYSEARCA:CARDGet Free Report) saw strong trading volume on Monday . 4,757 shares were traded during trading, a decline of 16% from the previous session’s volume of 5,657 shares.The stock last traded at $7.34 and had previously closed at $7.08.

MAX Auto Industry -3x Inverse Leveraged ETN Stock Performance

The firm’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $9.46.

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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