Basic Retracement Screen - Price near SMA50 - Canadian stocks
Swing Trading Momentum Screens : Retracement setups
In this article I will go over a basic swing trading momentum screen, based on price retracements in stocks that are in a rising trend.
The Retracement or Pullback Strategy
A retracement strategy involves looking for stocks in a long-term rising trend whose price is experiencing a temporary dip.
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Screening options for a Retracement Strategy based on Moving Averages
In this video i'll go over some price retracement trading screens using the 20, 50 and 200 simple moving averages.
Price VS SMA: Price In 2% Range Of SMA(50)
To ensure that the price decline is sufficiently pronounced
sma200: SMA(200) Rising
Long term trend
sma20: SMA(20) Rising
Short term trend
Exchange: Canada Only
Only Canadian stocks
Price VS SMA: Price Below SMA(20)
Price near SMA50
sma50: SMA(50) Rising
Mid term trend
20,50 and 200SMA overlays visible on the charts
Regional Run
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.