The 44 SMA Pullback Scanner is a trend-following support bounce strategy designed to identify high-momentum stocks temporarily consolidating back to their 44-period Simple Moving Average (SMA). Retracing to a significant moving average during an active bull trend is a classic setup favored by professional swing traders looking for low-risk, high-probability entry points.
A valid pullback signal is confirmed when a stock is in a confirmed uptrend (e.g. trading above its 200 SMA) and its price pulls back within 1% to 2% of the 44 SMA without breaking below it. Swing entry is initiated on the next session upon confirmation of a bullish candlestick pattern (like a hammer, bullish engulfing, or inside-bar breakout) returning from the average line support.