# Watchlist Week of May 2nd, 2022

Canonical: https://stocksurgedaily.com/watchlist-week-of-may-2nd-2022/

## **Jackson Financial Inc.**

**Jackson Financial Inc.** (JXN) is a $3.7 billion financial planning firm showing huge growth in both sales and earnings.

Here’s how the chart is setting up…

![](https://lh6.googleusercontent.com/6MKEm1W111Su3D_Npq4v2Lg6Fn3lyN2wsRsnSOL2uQmecGt2BFFdPtAkfx52P16oHYjWtbw2yEOy855sJWy-ZNynoUc6U9HVtVg2vSSULyiZr6VdyuiiqCnKfcFCQyVW6JJs8JqS)

**_Daily Chart of Jackson Financial Inc. (JXN) -- Source: TradingView_**

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

*   **Surge score: 97/100**
*   **% Above 52-wk low: 98%**
*   **Sales growth: +170%**
*   **Return on Equity: 32%**
*   **Triple momentum: yes**

Growth stocks have been hammered over the last six months, but JXN has held up better than most.

It is also a recent initial public offering (IPO), so this would be the first base breakout for the stock.

The stock has compressed nicely with pullbacks shallowing from 25% to just 8%.

I am looking to buy the stock on a break above $44.10 with a stop beneath the swing low at $42.05.

## **MaxLinear, Inc. (Short Idea)**

**MaxLinear, Inc.** (MXL) is a $3.9 billion semiconductor company focused on communications chips.

Here’s how the chart is setting up…

![](https://lh5.googleusercontent.com/rbLWHEjZMvgm0Vmimo0Pzfbw8PE2TnU6sUKWIpqUiQMKIb-7_xq0It0Pw3UwxyTCR32c5FqNMUz5t47RfC2WZfdqpgIOT-BSnHy8r46jQCQY8qYUeS_adEyt1Wj3aLFZH4Uu-w8L)

**_Daily Chart of MaxLinear, Inc. (MXL) -- Source: TradingView_**

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

*   **Surge score: 77/100**
*   **% Above 52-wk low: 59%**
*   **Sales growth: +26%**
*   **Return on Equity: 49%**
*   **Triple momentum: yes (short)**

This stock was a big winner in 2020 and 2021, climbing over 800% in less than two years.

But the bullish run appears to be over.

Shares have rolled over hard, making a decisive break of the 200-day moving average and plummeting to new lows.

The stock popped up on earnings last week, but I would use this as an opportunity to sell the stock short.

Try to sell near the $50 level and use the 200-day moving average as your stop loss.

## **RH (Short Idea)**

**RH** (RH), also known as Restoration Hardware, is an $8.5 billion luxury home furnishings retailer.

Here’s how the chart is setting up…

![](https://lh4.googleusercontent.com/rljy8tAf5gVXQoUB58H018OkItUJN6kkP6WcUdue_dnTE0Rp52ZFDIbCTIFfbJ1hDQG-D916QwW_x354u8Ap56jsr9ztXbcKe3ERlNqEjhJMLBCDNFaKKvAQVg97z0gzXU64vdzT)

**_Daily Chart of RH (RH) -- Source: TradingView_**

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

*   **Surge score: 18/100**
*   **% Above 52-wk low: 8%**
*   **Sales growth: +11%**
*   **Return on Equity: 95%**
*   **Triple momentum: yes (short)**

Restoration Hardware is getting destroyed.

It’s down more than 50% over the last six months, with no sign of coming back to life.

So far, RH has found support at the $320 level.

But it has been tested four times so far, and I don’t expect it to survive a fifth test.

If the stock makes new lows, this would be a good short opportunity.

I would use the 50-day moving average as my initial stop and then bring it down as the trade moves lower.

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 article, [**How to Follow My Weekly Trades**](https://stocksurgedaily.com/how-to-follow-my-weekly-trades/), to know where I’m buying or selling so that you can follow along.