# Watchlist Week of Jan 31st, 2022

Canonical: https://stocksurgedaily.com/watchlist-week-of-jan-31st-2022/

## **Continental Resources, Inc.**

First up today is **Continental Resources, Inc.** (CLR).

Here’s how the chart is setting up:

![](https://lh6.googleusercontent.com/pGtswr9fR9bDdFjk2y8hBh70pjoRIVmc-dmmCk33UPCvvmclzHqTjE8qB1WvhH1e82Tv6y1fLA4tvjdy-18OCXDqLNaWggFN_-yk_No3f2gKkiwi1Do0bxr0FI3_xPjR-A)

**_Daily Chart of Continental Resources, Inc. (CLR) -- Source: TC2000_**

And here’s how the stock is setting up with my Stock Surge Indicator (SSI):

*   **Surge score: 99/100**
    
*   **% Above 52-wk low: 181%**
    
*   **Sales growth: +94%**
    
*   **Triple momentum: yes**
    

CLR, the $19 billion dollar oil and gas company, is forming a textbook “cup” base with a depth of 27%. 

The stock also showed tremendous strength [**in an otherwise weak market**](https://stocksurgedaily.com/watchlist-update-promising-stocks-in-a-weak-market/) by quickly recovering to make new highs on Wednesday.

I would prefer to see five to 10 days of tight trading on lower-than-average volume to form a small “handle” on the right side. This would create a buyable pivot area.

## **New York City REIT, Inc.**

Next up on today’s list we have the real estate investment trust **New York City REIT, Inc.** (NYC).

NYC owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, particularly on the island of Manhattan.

Here’s how the chart is setting up:

![](https://lh4.googleusercontent.com/xkXnqjj8L20oafPZhBTbewu3jYXLlWOKN5L48tejqj0PIn9lEpjlZr2Lk3ZrVfa3l0a7BAyK4fTjXMw4SgpXaU1QSOkLcCGC5rTiOw_gItjEgHY-2EmVk_dqLUDGQ7beWg)

**_Daily Chart of New York City REIT Inc. (NYC) -- Source: TC2000_**

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

*   **Surge score: 93/100**
    
*   **% Above 52-wk low: 86%**
    
*   **Sales growth: -7%**
    
*   **Triple momentum: no**
    

NYC does not meet all of our criteria for a typical breakout pattern. But NYC is something completely different – a “high tight flag.”

After advancing more than 100% in just one week of trading, the real estate investment trust has contained pullbacks to less than 20%, an impressive feat in any market but even more so now.

The rules for [**trading a high tight flag**](https://stocksurgedaily.com/how-to-trade-a-high-flying-stock/) are simple – as long as it doesn’t breach the 20% retracement level (yellow box on chart, also known as the “flag”), the buy trigger is a move 10 cents above the high.

These are higher risk, higher reward trade setups.

## **Regeneron Pharmaceuticals, Inc.**

Finally, we come to the American biotechnology company, **Regeneron Pharmaceuticals, Inc.** (REGN).

Here’s how the chart is setting up:

![](https://lh5.googleusercontent.com/KYWXEIZAHZk-808raX5_e62nm4mcdBHevHMrvCBNGWR5tKPN346OZBYB0xL35WvQLrzfL-BQrsIU_-xYaBj6fP5uxh1Agg9hyxkQlDLdfz3qFAMfk7p_z4GUH4fRNko7kQ)

**_Weekly Chart of Regeneron Pharmaceuticals, Inc. (REGN) -- Source: TC2000_**

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

*   **Surge score: 88/100**
*   **% Above 52-wk low: 37%**
*   **Sales growth: +51%**
*   **Triple momentum: yes** 

REGN is a big stock capable of making big moves. When it first broke out in 2010, shares advanced by 1,848% over the next five years.

Compared with that meteoric run, REGN has essentially laid dormant ever since.

Above is a weekly chart to show the big picture. It is a pattern within a pattern – a “cup with handle” inside another “cup with handle.”

And despite big losses in most [**mega-cap names**](https://stocksurgedaily.com/why-i-love-small-cap-stocks/), REGN has kept retracements to a minimum and showed signs of what might be heavy support volume last week.

Look for a break of the latest handle and consider adding at new all-time highs.