Home » Watchlist Week of Apr 4th, 2022

Watchlist Week of Apr 4th, 2022

Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P. (ARLP) is a $2 billion natural resource company focused on producing and providing coal to utility and industrial companies.

Here’s how the stock chart is setting up…

Daily Chart of Alliance Resource Partners, L.P. (ARLP) — Source: TradingView

And here’s how the stock is setting up with my Stock Surge Indicator (SSI)…

  • Surge score: 98/100
  • % Above 52-wk low: 188%
  • Sales growth: +29%
  • Return on Equity: 16%
  • Triple momentum: yes

Coal stocks are booming, and ARLP has the best setup of the bunch.

While price has drifted higher, pullbacks have shallowed from 25% down to 8%.

And the shares have been trading in a tight range in the $15-$16 area for the last two weeks.

Look for a breakout above $16 to buy. Then, place a stop at $14.60 for protection.

Danaos Corporation

Danaos Corporation (DAC) is a $2.2 billion, Greece-based marine shipping and transport company with a fleet of over 70 containerships.

Here’s how the stock chart is setting up…

Daily Chart of Danaos Corporation (DAC) — Source: TradingView

And here’s how the stock is setting up with my SSI…

  • Surge score: 97/100
  • % Above 52-wk low: 129%
  • Sales growth: +80%
  • Return on Equity: 23%
  • Triple momentum: yes

I added Danaos to the Watchlist a few weeks ago, and I still like how it’s setting up.

I noted then that it had just completed a seven-month “cup and handle” pattern.

But DAC has now formed another smaller cup formation with a low-risk entry point.

Consider buying on a move above $107.50 with a stop near the $99.00 level.

Yamana Gold Inc.

Yamana Gold Inc. (AUY) is a $5.5 billion Canadian precious metals exploration and production company focused primarily on gold and silver.

Here’s how the stock chart is setting up…

Daily Chart of Yamana Gold Inc. (AUY) — Source: TradingView

And here’s how the stock is setting up with my SSI…

  • Surge score: 95/100
  • % Above 52-wk low: 51%
  • Sales growth: +9%
  • Return on Equity: 7%
  • Triple momentum: yes

With inflation at 40-year highs, it is a wonder why gold prices are not higher than they are today.

Since the start of the pandemic, the “yellow metal” has taken a backseat to new alternative assets like BTC, but that trend appears to be shifting.

While risk here is slightly higher given that it is a lower-priced stock, Yamana is showing a lot of strength over the last few months.

I think it is worth a shot on a move to new highs above $5.80. But for protection, use a stop 10% below the entry price.

Before I go, you’d like a step-by-step walkthrough on how to best take advantage of trades like these…Be sure to check out my recent article, How to Follow My Weekly Trades, to know where I’m buying so that you can follow along.

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Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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