# Watchlist Week of Apr 4th, 2022

Canonical: https://stocksurgedaily.com/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…

![](https://lh5.googleusercontent.com/JKG5o6pKw_9_XJW07UzDKBDJd18OzCDD0QncQIMgS_pyWhBXOde3DEmVv4tYLBfmr6xKSzUCCrNEWRb7DH4laTjGirUNZ8JBJE9_AVI16T5j6S2q6kIiwqTMiaxFCZNIhv5a3C9E)

**_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**](https://stocksurgedaily.com/watchlist-update-no-need-to-catch-falling-knives/), 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…

![](https://lh6.googleusercontent.com/20a6_mnx_Mo16zTkahbVNu1FqIvbP9nqYCS1edpchzIqEBJm3s5zncyOV0vbWRwm5RXvNb9R9kBc8UfQ4fIjKsZzb7BilQI17YjDacRJJxUcoqqPXDfLqJ3Y3BVjtFnula3MJRD7)

**_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**](https://stocksurgedaily.com/watchlist-update-we-just-got-the-signal-we-were-waiting-for/), 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…

![](https://lh4.googleusercontent.com/11qAiXTz8eoukuJJDcOD33hPhvTaetSB0UkXrHaxYyn0Q0ak4Ip7dSNkIWfcl5IZ9jJzg13sEC6rRJo4VZxpFU5rj0-2R9guQJ8XlZp26Iu0aGt0KfX3wPfNo-12XKb1hyDn8MVm)

**_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**](https://stocksurgedaily.com/why-i-dont-own-btc-2/), 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**](https://stocksurgedaily.com/how-to-follow-my-weekly-trades/), to know where I’m buying so that you can follow along.