# Watchlist Week of Apr 11th, 2022

Canonical: https://stocksurgedaily.com/watchlist-week-of-apr-11th-2022/

## **Sterling Check Corp.**

**Sterling Check Corp.** (STER) is a $2.5 billion technology company focused on background and identity verification services.

Here’s how the chart is setting up…

![](https://lh4.googleusercontent.com/7cvwwbPxa7e3U-OFp20saT76Ma2p9zzS2PX6SWQ1nzhhTSpmUiE5kN2Xa6SseGeZk2EUWHN-BT-ugkcwI0DcPIo6FJ6optjAIZoyEt02vcJgoJyUI7-mxwUKWQTs0uCG_Q)

**_Daily Chart of Sterling Check Corp. (STER) -- Source: TradingView_**

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

*   **Surge score: 85/100**
*   **% Above 52-wk low: 50%**
*   **Sales growth: +35%**
*   **Return on Equity: 15%**
*   **Triple momentum: yes**

STER is a recent initial public offering (IPO) from late last year in the later stages of forming its first base.

These IPO bases can be powerful buy points, [**as I discussed last week**](https://stocksurgedaily.com/heres-the-recipe-for-super-stock-gains/).

That’s because the stock will be making its first move higher after the initial volatility has been digested from new investors getting positioned in the stock.

The company has posted big [**sales and earnings growth**](https://stocksurgedaily.com/look-for-accelerating-earnings/) over the last several quarters, and analysts have been raising their estimates for 2022.

The trigger to buy would be a move above $28.00.

## **Xenon Pharmaceuticals Inc.**

**Xenon Pharmaceuticals Inc.** (XENE) is a $1.8 billion biotechnology company focused on treating neurological disorders.

Here’s how the chart is setting up…

![](https://lh6.googleusercontent.com/K-qlO58KHdYhdhmK-kv9disqifBVyfekCOthyBGVAF3Ih_z3VC3DamGdSqgkwG_4Qy6m_FO6YiG-h-UIfr4z1KjCG4teDaZ5r9X42YYLonnEG6SsVKhg_arqMPG6lXWBXA)

**_Daily Chart of Xenon Pharmaceuticals Inc. (XENE) -- 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: -27%**
*   **Return on Equity: N/A**
*   **Triple momentum: yes**

Xenon is a clinical-stage biotech stock, so fundamentals like sales and earnings aren’t much help in evaluating the trade.

However, the technical picture looks great.

After a big jump in October on positive Phase 2 trial results for its epilepsy drug, shares have [**consolidated in a tightening pattern**](https://stocksurgedaily.com/how-to-scan-for-stage-2-stocks/) from left to right.

I would consider buying if the stock can make new highs.

Ideally, you want to see increased volume on the breakout day as a sign that big [**institutional investors**](https://stocksurgedaily.com/why-i-just-took-a-position-in-this-stealth-uranium-stock/) are behind the buying.

## **Casella Waste Systems, Inc.**

**Casella Waste Systems, Inc.** (CWST) is a $4.6 billion waste management company serving a variety of customer bases throughout the northeastern United States.

Here’s how the chart is setting up…

![](https://lh5.googleusercontent.com/6sR68f83dgeWXGu0vfKhLm9skGSBF08VIqDl3MuvrpoMoHxdERPHbTeZXpPufOj0WUfe0MtQHcPgtK9pdG1IJNI_tHflD2w7P8kXgRCetM81sX3Prq4ovcIz8GWv7ysKSw)

**_Daily Chart of Casella Waste Systems, Inc. (CWST) -- Source: TradingView_**

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

*   **Surge score: 95/100**
*   **% Above 52-wk low: 43%**
*   **Sales growth: +21%**
*   **Return on Equity: 12%**
*   **Triple momentum: yes**

CWST made a big move in early March, as the stock soared 32% over 10 consecutive up-days.

To me, this was a clear sign of [**institutional accumulation**](https://stocksurgedaily.com/why-the-institutions-cant-hide-their-tricks-anymore/).

Since then, shares have retraced slightly and formed a shelf at the $90.00 mark.

If the “big guns” are still buying, we should see another leg higher and a move on to new highs.

I’d consider buying if CWST breaks $90.00.

Before I go, if 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**](https://stocksurgedaily.com/how-to-follow-my-weekly-trades/), to know where I’m buying so that you can follow along.