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

MAX Auto Industry 3x Leveraged ETN (NYSEARCA:CARUGet Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $29.53, but opened at $31.84. MAX Auto Industry 3x Leveraged ETN shares last traded at $32.83, with a volume of 1,033 shares changing hands.

MAX Auto Industry 3x Leveraged ETN Stock Performance

The company has a 50 day simple moving average of $30.57 and a 200 day simple moving average of $26.08.

About MAX Auto Industry 3x Leveraged ETN

(Get Free Report)

The MAX Auto Industry 3X Leveraged ETN (CARU) 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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