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 Asian 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 each exchange's local currency, and the list covers stocks traded in Tokyo, Hong Kong, Singapore, Seoul and Jakarta with at least about US$0.7 million in average daily trading value.
