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Barchart
Wajeeh Khan

USAR Stock Is Solidly in Overbought Territory as Trump Invests in USA Rare Earth. Can You Still Chase the Rally Here?

USA Rare Earth (USAR) shares surged nearly 7% higher on Jan. 26 after the Trump administration confirmed plans of investing about $1.6 billion in the miner that specializes in rare-earth elements.

The post-announcement rally pushed USAR’s relative strength index (14-day) into the “extremely” overbought territory, signaling potential for a sharp correction in the near term. 

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