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 the Bombay Stock Exchange 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 Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.
