The freshest rubbed parts appear very low to the tree overall but the older rubbed area appears at more of a typical height for rubs. I would say yes and I would also say it may be a signpost rub due to the different ages of rubbed areas on this tree. This may be a great spot to set up near right now. You don't typically want to hunt just a single bit of sign but you include other information like: Is it on a trail or a convergence of trails? Are there other rubs nearby? Scrapes? Is it in thicker cover or at the edge of a field? Is at, in or near terrain feature(s) like a funnel, or a saddle or maybe a transition zone where two or three different types of cover provide an edge? Deer love to move along these transition zones or edges. In the trapping world things like ridges, rivers, rows, roads, are all great movement areas that tend to funnel game. As the rut progresses the bucks will shift from sign to actually staying with does coming into estrous until they are bred, hunting sign at this time of the season or the "rut" can be a waste of time if you know the buck is with does. However, the bucks and other deer travel through these areas for a reason and so it is never awful to set up near sign but don't just rely on it to answer all of your questions or to be the panacea of your efforts. I hope this helps.