TC2000 Bear Retest of the 50 SMA

Description

The TC2000 Bear Retest of the 50 SMA scan is a fantastic way to spot stocks bouncing into medium-term potential resistance levels, offering lower-risk entry points to short stocks in strong downtrends.

How does it work

This scan keeps things classic and finds stocks that meet three core criteria:

1. The 50-period simple moving average has been falling consistently for 2 months+ ensuring the primary trend is lower
2. The stock has been consistently trading below its declining 50-period simple moving average
3. The high of today is piercing the 50 SMA for the first time in 2 months+

The key distinctions are that the 50 SMA has been consistently declining and the re-test occurring today is the first test of the moving average in a long time. This ensures the stocks returned by this scan are not a long list of names chopping sideways above and below the 50 SMA.

Features

• Purchase includes exact PCF code and setup instructions
• Purchase includes additional recommended scan criteria:
  • Minimum daily volume
  • Minimum dollar per share
• Can be used on all versions of TC2000
• Can be used on any time-frame
• Can be combined with other criteria to improve accuracy

Add to cart

Any questions? Contact us.

Bundle offer

Get a discount when you purchase this Fresh Retest of 50 SMA Scan and its bear version equivalent in the 50 SMA Retest Bundle package.