TC2000 Stocks Reclaiming Their 200SMA
The TC2000 Stocks Reclaiming Their 200SMA scan is a great way to find stocks recovering above a very important long-term moving average.
The TC2000 stocks reclaiming their 200SMA scan will help you find beaten-up stocks that are now rallying above their most significant and highly watched moving average.
How does it work
This scan compares recent bar closes to make sure that the stock has been trading below its 200SMA for at least the past week and is just now making a fresh close above the key moving average. It is commonly considered a sign of institutional support when a stock starts closing above and then trending over its 200-period simple moving average.
- Download includes exact PCF code and setup instructions
- Download includes additional ways to modify the scan
- Can be used on all versions of TC2000
- Can be combined with other criteria to improve accuracy
Any questions? Contact us.