I like the breakout in Rare Earth/Strategic Metals ETF $REMX pic.twitter.com/9e4rV4Xj8o
— Alfonso Depablos (@AlfCharts) April 4, 2022
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?