Market Overview

Bear Signals: Six Stocks That Closed Below Their 200-Day SMA (GLBL, HBHC, WAVX, CSGS, IBI, RYL)

Traders use various signals to identify potential opportunities in the market. One of the most frequently used indicators is a straightforward price close below the stock's 200-day simple moving average. Such a move alerts bears to potential share breakdowns as bulls rush to get out.

Six stocks closed below their 200-day simple moving average on Monday, which may serve as a precursor to a larger move to the downside.

1) Global Industries (NASDAQ: GLBL): Shares of Global Industries closed at $6.78, slightly below their 200-day SMA of $6.88. The stock has lost 32% over the past seven trading sessions. Shares are down 2.2% year-to-date.

2) Hancock Holding (NASDAQ: HBHC): Shares of Hancock Holding closed at $31.11, slightly below their 200-day SMA of $31.72. The stock has lost 6.9% over the past seven trading sessions. Shares are down 10.9% year-to-date.

3) Wave Systems (NASDAQ: WAVX): Shares of Wave Systems closed at $3.07, slightly below their 200-day SMA of $3.09. The stock has lost 5.2% over the past seven trading sessions. Shares are down 22% year-to-date.

4) CSG Systems International (NASDAQ: CSGS): Shares of CSG Systems closed at $19.22, slightly below their 200-day SMA of $19.40. The stock has lost 10.6% over the past seven trading sessions. Shares are up 1.4% year-to-date.

5) Interline Brands (NYSE: IBI): Shares of Interline Brands closed at $19.71, slightly below their 200-day SMA of $20.09. The stock has lost 8.3% over the past seven trading sessions. Shares are down 14.7% year-to-date.

6) Ryland Group (NYSE: RYL): Shares of Ryland Group closed at $16.43, slightly below their 200-day SMA of $16.73. The stock has lost 6.6% over the past seven trading sessions. Shares are down 3.2% year-to-date.

Posted-In: Long Ideas News Short Ideas Small Cap Analysis Technicals Pre-Market Outlook Intraday Update Movers Best of Benzinga

 

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