64 Russell 1,000 Stocks Drop Below 50-DMAs Monday

Sixty-four of the 1,002 stocks in the Russell 1,000 broke below their 50-day moving averages Monday. Many stocks that have had huge rallies this year were unable to hold the 50-day support level.

Apple (AAPL) is the biggest name on this list and is now trading 4.91% below its 50-day. The stock has had 3 consecutive declines of $10 or more. Once a stock breaks below its 50-day, the moving average then becomes resistance, so for those looking to trade these names, make sure they move above these levels and hold before entering a position.

Two other noteworthy stocks that aren't in the Russell 1,000 that broke below their 50-days Monday are BIDU and RIMM.