Prices that run far above their moving averages tend to snap back toward them. Swing traders take profits or look for short entries in such stretched moves, while trend followers wait for the pullback before buying. This screen lists stocks on European exchanges trading more than 30% above their 50-day moving average with RSI(14) above 80, most extended first, with the distance from the 50-day average shown in percent. Prices are in euros, and the list covers stocks traded on Xetra, Euronext Paris, Euronext Amsterdam, Euronext Milan and the Madrid Stock Exchange with at least 0.5 million euros in average daily trading value.
