# Watchlist Week of Dec 6th, 2021

Canonical: https://stocksurgedaily.com/watchlist-week-of-dec-6th-2021/

## **Permian Basin Royalty Trust**

The **Permian Basin Royalty Trust** (PBT) is a small-cap ($415 million) oil trust that receives ongoing royalty interests from oil- and gas-producing properties in Texas.

Here’s how the chart is setting up:

![Weekly Chart of Louisiana-Pacific (LPX) -- Source: TradingView](https://lh5.googleusercontent.com/hud0sBlmtLTv7Y9T15Ca-fbeo_FpAGSS3aDM6sNbFykH8QzCd6cQNn6mjDT4_BSWdwNv_YD6y0HDH-W4ye3gM94332-s87ULiRGQnkt_UE1Q5-LxOTGIEiF2RL17UIHF4V93yrnJ "Weekly Chart of Louisiana-Pacific (LPX) -- Source: TradingView")

**_Daily Chart of Permian Basin Royalty Trust (PBT) -- Source: TradingView_**

And here’s how the stock is setting up with my **_Stock Surge Indicator_** (SSI):

*   **Surge score: 99/100**
*   **% Above 52-wk low: 196%**
*   **MFI reading: 82**
*   **Sales growth: +146%**
*   **Triple momentum: yes**

[**After a textbook breakout in late September**](https://stocksurgedaily.com/heres-what-a-textbook-breakout-looks-like/), shares jumped 63% in just three weeks on heavy volume.

Price action then tightened up again near the $9 level and began another leg higher.

But market weakness surrounding a new COVID variant and falling energy prices has given investors the chance to buy PBT on a pullback at the initial breakout level.

Those looking for additional confirmation may choose to wait until shares break above $9.25.

## **CorVel Corporation**

**CorVel Corporation** (CRVL) is a financial services company that provides workers’ compensation, auto, liability and health solutions for corporate clients and government agencies.

Here’s how the chart is setting up:

![Weekly Chart of Hayward Holdings (HAYW) -- Source: TradingView](https://lh3.googleusercontent.com/XFJgRxyV0hkm6dCldt6CTU9AeHiXFbAfAWJdqJrx0I3UHKha_UjkCaZqF4DsalMotY1H8sjWNtZ2SYZgGFbDGbOXIOAFUlucIF2_IzTmEjp5KIBEmWa4hGm94nQ4pK0oOrQwdYPM "Weekly Chart of Hayward Holdings (HAYW) -- Source: TradingView")

**_Daily Chart of CorVel Corporation (CRVL) -- Source: TradingView_**

And here’s how the stock is setting up with my **_SSI_**:

*   **Surge score: 97/100**
*   **% Above 52-wk low: 106%**
*   **MFI reading: 62**
*   **Sales growth: +16%**
*   **Triple momentum: yes**

CorVel isn’t a “hot stock” by most metrics, but shares have quietly doubled in 2021.

I’m not surprised. [**With a small float of only 8.9 million shares**](https://stocksurgedaily.com/how-to-use-volume-as-part-of-your-stock-strategy/), it doesn’t take too much demand to send the stock price higher.

CRVL has been consolidating for the last nine weeks, and last week’s market selloff likely shook out some weak-handed holders.

If the stock breaks above $200 on increased volume, we could easily see another quick leg higher.

## **Ford Motor Company**

**Ford Motor Company** (F), the $76 billion American auto manufacturer, has been an absolute monster this year – currently up 129% year-to-date.

Here’s how the chart is setting up:

![Weekly Chart of Hayward Holdings (HAYW) -- Source: TradingView](https://lh3.googleusercontent.com/r3nDZeozuPLjBrV4S0g9E6ss8d4o9z5zvWHk65Rh3DDeCcUjpcuYsmu2TL5lBLitEC2MhynEB-b4sMcPNxVyuO8aSknKN3FeN8LYnGwKcVNAhcRkbwKI4VSjwZeXrk6uNMWon8yX "Weekly Chart of Hayward Holdings (HAYW) -- Source: TradingView")

**_Daily Chart of Ford Motor Company (F) -- Source: TradingView_**

And here’s how the stock is setting up with my **_SSI_**:

*   **Surge score: 97/100**
*   **% Above 52-wk low: 130%**
*   **MFI reading: 55**
*   **Sales growth: -5%**
*   **Triple momentum: yes**

While most of the legacy automakers have [**failed to keep pace with electric vehicle (EV) manufacturers**](https://stocksurgedaily.com/why-i-bought-tesla-yesterday-how-to-trade-along/), Ford’s focus on a next-generation electric fleet has investors excited.

F has tightened up over the last five weeks and held its ground well despite overall market weakness.

It trades in a narrow 8% range, giving traders the chance for a low-risk entry point at new highs.

For safety, I would sell if it trades below $19.00.

Lastly, if you'd like a step-by-step walkthrough on how to best take advantage of these weekly trades…

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.