# Watchlist Week of Mar 21st, 2022

Canonical: https://stocksurgedaily.com/watchlist-week-of-mar-21st-2022/

## **Danaos Corporation**

**Danaos Corporation** (DAC) is a $2.2 billion, Greece-based marine shipping and transport company.

Here’s how the chart is setting up…

![](https://lh5.googleusercontent.com/UDqhpSjNl2vW_7UufWDoP4ULsqx6li1vXH_iTu-bht-bvlP8ZKJ9JWnVKEZ4BtE9IZUfJ25kf8AvrWCQpCHgEdFvmnb0l5AfQU5R6x0Gs3Fkz2su4agBqWd3dBq6Waez3w)

**_Daily Chart of Danaos Corporation (DAC) -- 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: 143%**
*   **Sales growth: +80%**
*   **Return on Equity: 23%**
*   **Triple momentum: yes**

Shipping stocks are showing a lot of strength in this market.

Many of them are already extended past a reasonable buy point, but Danaos is just breaking out of a new cup with handle pattern.

DAC has been something of a “Cinderella story” over the last two years.

In March 2020, it traded for $2.50 a share. As of this writing on Friday, the stock is trading at the $104 level – a gain of over 4,000%.

As long as DAC doesn’t get [**too far past the breakout level**](https://stocksurgedaily.com/why-big-bases-lead-to-big-breakouts/), I think this is a good buy here.

## **Crane Co.**

**Crane Co.** (CR) is a $6 billion manufacturer of industrial products for a wide range of markets, including commercial and military aerospace, oil and gas and even wastewater applications.

Here’s how the chart is setting up…

![](https://lh5.googleusercontent.com/eOs2GTLVBKw4had-XQdNby6dyiLCkrOsk1cNOVBNtlorgkqQ5D58Wz5nh5op4LGlxJ7bLcPQFhlaR2CpgIMms7Jgax6kkuviSVPBw0dd41sAjshLO5mDiooC2wHy13fakQ)

**_Daily Chart of Crane Co. (CR) — Source: TradingView_**

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

*   **Surge score: 90/100**
*   **% Above 52-wk low: 27%**
*   **Sales growth: +13%**
*   **Return on Equity: 23%**
*   **Triple momentum: yes**

I added Crane to the [**Watchlist last week**](https://stocksurgedaily.com/watchlist-update-no-need-to-catch-falling-knives/), noting its tight 14% trading range over the last five months.

Shares continued to show strength last week, and the stock’s surge score improved from 85/100 to 90/100.

CR is now inches from new high ground, and I think it is a buy once it clears $109.

Place a stop near the 200-day moving average in case it fails.

## **Reliance Steel & Aluminum Co.**

**Reliance Steel & Aluminum Co.** (RS) is an $11.6 billion metals provider for a variety of customers, including those in the aerospace, transportation and even semiconductor industries.

Here’s how the chart is setting up…

![](https://lh3.googleusercontent.com/zKRG80WcMq0ME8_eacddHVjF7J3LOVF59hpsD6K69yQw8XPvEsUfZqWEp3w0TWb4YDCNLPQKYrvIsC1V2dIiwoMft1PvKV8aYVjBSmG9_HjlMgME2orA4ytDzRQ3PtSM9w)

**_Daily Chart of Reliance Steel & Aluminum Co. (RS) — Source: TradingView_**

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

*   **Surge score: 94/100**
*   **% Above 52-wk low: 40%**
*   **Sales growth: +87%**
*   **Return on Equity: 25%**
*   **Triple momentum: yes**

Steel stocks continue to perform well, and Reliance is the best name in the group.

[**It has strong earnings and sales growth**](https://stocksurgedaily.com/look-for-accelerating-earnings/), high relative strength and a big return on equity – all the signs of a top-tier stock.

After making a nice move higher in February, RS has been consolidating all month in a nice and tight 8% range.

Consider buying new highs with a stop at the swing low near $178.

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.