3 New 2016 Death Cross Club Members

The historically weak start to 2016 has led to three more members being inducted in to the 2016 death cross club this week. The bearish technical cross occurs when a stock’s 50-day simple moving average (SMA) crosses below its 200-day SMA.
 

Not only was the nearly 6.0 percent decline in 2016’s first week the worst opening week of a year ever on record, it was the worst performance by the index during any week since 2011. Following the horrendous opening week of 2016, these three stocks kicked off the second weak with death crosses in their charts.
 

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