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 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 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 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 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 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 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.