Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It's a chart of the Rare Earth Metals ETF, $REMX, over the past decade. Metal-related ETFs have been breaking out left and right in 2022, and this one is another one to add to the list. Alfonso points out that $REMX broke out to an 8-year high today. It surged more than 400% off of the Covid-lows but has spent the past 3-4 months digesting those gains. After a healthy pause, could $REMX be ready for another leg higher?
Chart of the Day - Monday, April 4th, 2022
April 4, 2022
