# Watchlist Week of Feb 14th, 2022

Canonical: https://stocksurgedaily.com/watchlist-week-of-feb-14th-2022/

## **Walmart Inc. (Short)**

First up is a bearish idea in **Walmart Inc.** (WMT), the massive $376 billion discount retailer.

Here’s how the chart is setting up…

![](https://lh3.googleusercontent.com/S-kJJwglRdreqAfFBKrB2T5BJMbYsuuMSnSoYpan3pE1JLPCwRMkkIeYXn8N4iBkDriyL85ccxhN69YG7GphNV2Xn_VFREA3FbzcKHgTC3hPnu2-rdudb3N4XibRBcNigYxMJhMV)

**_Weekly Chart of Walmart Inc. (WMT) -- Source: TC2000_**

And here’s how the stock is scoring on my Stock Surge Indicator (SSI):

*   **Surge score: 45/100**
*   **% Above 52-wk low: 8%**
*   **Sales growth: +4%**
*   **Triple momentum: yes (short)**

Despite success with its grocery pickup and delivery business, [**the stock looks very toppy**](https://stocksurgedaily.com/heres-the-key-to-knowing-when-to-sell-early/).

As you can see in the weekly chart above, WMT has made a series of lower highs for the last six months.

[**The $134 level seems to be the line in the sand**](https://stocksurgedaily.com/this-stock-is-on-the-verge-of-breaking-down/). If this level fails, look for a quick move to the downside.

I would consider shorting WMT either on a break below $134 or on a bounce up into the $140 range.

I would close the short trade if price breaks above the white downtrend line shown on the chart.

## **SilverBow Resources, Inc.**

**SilverBow Resources, Inc.** (SBOW) is a $400 million oil exploration and production company.

[**I added SBOW to the Watchlist last week**](https://stocksurgedaily.com/watchlist-update-turning-to-energy-and-bank-stocks-in-search-of-solid-setups/), but it has not yet broken out.

Here’s how the chart is setting up…

![](https://lh5.googleusercontent.com/9c8IdEFLhyEM_g9xLmFQH2BewWAZtBIo2yDZipn8yGwnTHFzUX-gESL-_mWUsHcP0HXkmyzmBmnlG1vy_WieGE8XKWUrC8B5PQGqD1AdlohKtToerE9PM0AMZ78L-zL7LAg3JYtD)

**_Daily Chart of SilverBow Resources, Inc. (SBOW) -- Source: TC2000_**

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

*   **Surge score: 99/100**
*   **% Above 52-wk low: 331%**
*   **Sales growth: +117%**
*   **Triple momentum: yes**

After a dip early in the week, shares snapped back Thursday and Friday, showing good “tennis ball action” strength.

Unfortunately, [**the low of the shakeout move**](https://stocksurgedaily.com/why-most-long-trades-just-arent-working/) in January is too far away to use for a stop.

Therefore, I suggest using an arbitrary stop loss of somewhere around 8%.

Look for a move above $25.55 as the entry trigger.

## **Signet Jewelers Limited**

**Signet Jewelers Limited** (SIG) is a $4.4 billion luxury goods retailer with recognizable brands like Kay Jewelers and Zales Jewelers.

Here’s how the chart is setting up…

![](https://lh6.googleusercontent.com/yLIsDoy3NZ4N0dy7uugJMLVfjFEObq171TuqBDotFl_OpU5968RYH1MCfFG4yEkeE0rclo8O9UKle9r7MVV6Xb9Hqc8ucuSXHazd7Dzi3Gj3J1hD7zsE_NPCgJ2UPAVZaRuB6StW)

**_Daily Chart of Signet Jewelers Limited (SIG) -- Source: TC2000_**

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

*   **Surge score: 94/100**
*   **% Above 52-wk low: 136%**
*   **Sales growth: +18%**
*   **Triple momentum: yes**

SIG is an interesting setup in the consumer cyclical space.

This is one of the only areas where breakouts are getting traction (along with energy and a few regional banks).

Last week, the stock broke the downtrend line and [**found support against the 200-day moving average**](https://stocksurgedaily.com/why-you-need-to-watch-the-200-day-moving-average/).

It is now tightening up sideways with resistance near the $88 area.

Look for a breakout above the green horizontal resistance line on the chart.

We need to see above-average volume for confirmation.

Lastly, 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 shorting so that you can follow along.