The stock market woodshed is getting crowded, as many stocks have gapped lower following earnings and offering weak forward guidance. Here are five just from the retail sector.

Chipotle Mexican Grill (CMG) has been behind the woodshed for quite a while, trying to recover from tainted food scandals. The daily chart shows the stock below a "death cross" since Nov. 27, when the 50-day simple moving average fell below its 200-day simple moving average, indicating that lower prices were ahead. This bearish pattern remains in play after the stock failed at its 200-day simple moving average of $440.85 on Oct. 10. The stock set a fresh 52-week low of $352.96 on Nov. 1.

Game software retailer GameStop (GME) has also been behind the woodshed for quite a while after a price gap lower on Nov. 13, 2015, when the stock closed at $37.18. After trying to stabilize in mid-August, the stock gapped lower once again. A "death cross" was confirmed on Oct. 7, when the stock closed at $26.68. The stock set it 2016 low of $23.32 on Nov. 1.

Nike (NKE) has been under a "death cross" since April 13. The last time the 200-day simple moving average was tested was on Aug. 25, when the average was $59.34. The stock has been kicked to a fresh 2016 low of $49.14 on Nov. 1.

Fast food restaurant Sonic (SONC) set its 2016 high of $36.34 on April 6 and has since been roller skating lower. The stock has been under a "death cross" since July 13, which remains on the playing field as the stock set its 2016 low of $21.12 on Oct. 25.

Under Armour (UA) has been below a "death cross" since Dec. 31. The 200-day simple moving average became a sell-strength opportunity on April 21 at $45.62, on July 21 at $42.43 and at $41.53 on Aug. 13. The stock traded as low as $30.06 on Nov. 1.

Here's the scorecard from the woodshed.

 

Here's the weekly chart for Chipotle.

 

Courtesy of MetaStock Xenith

Chipotle closed Tuesday at $359.92, down 25% year to date. It is deep into bear market territory, 52.6% below its Aug. 5, 2015, high of $758.61. It set its 2016 low of $352.96 on Nov. 1.

The weekly chart is negative, with the stock below its key weekly moving average of $396.43. It is well below its 200-week simple moving average of $528.11. The weekly momentum reading is projected to decline to 36.69 this week, down from 44.51 on Oct. 28.

Investors looking to buy Chipotle should consider doing so on weakness to $317.37, which is a key level on technical charts until the end of November. Investors looking to reduce holdings should do so by selling strength to $413.60, which is a key level on technical charts until the end of 2016. 

Here's the weekly chart for GameStop.

 

Courtesy of MetaStock Xenith

GameStop closed Tuesday at $23.56, down 16% year to date. It is deep into bear market territory, 50.7% below its Aug. 14, 2015, high of $47.82. It set its 2016 low of $23.32 on Nov. 1.

The weekly chart is negative but oversold, with the stock below its key weekly moving average of $25.81 and well below its 200-week simple moving average of $37.53. The weekly momentum reading is projected to decline to 10.00 this week, down from 13.04 on Oct. 28, well below the oversold threshold of 20.00.

Investors looking to buy GameStop should consider doing so on weakness to $17.35, which is the stock's five-year low, set during the week of Aug. 3, 2012. Investors looking to reduce holdings should do so by selling strength to $24.90 and $25.90, which are key levels on technical charts until the end of 2016, and until the end of November, respectively.

Here's the weekly chart for Nike.

 

Courtesy of MetaStock Xenith

Nike closed Tuesday at $49.62, down 20.6% year to date. It is in bear market territory, 27.2% below its Dec. 23, 2015, high of $68.19. It set its 2016 low of $49.14 on Nov. 1.

The weekly chart is negative but oversold, with the stock below its key weekly moving average of $52.61, which targets the 200-week simple moving average of $46.00. The weekly momentum reading is projected to decline to 11.77 this week, down from 13.23 on Oct. 28, well below the oversold threshold of 20.00.

Investors looking to buy Nike should consider doing so on weakness to $48.85 and $48.10, which are key levels on technical charts until the end of November, and until the end of this week, respectively. Investors looking to reduce holdings should do so by selling strength to $53.48, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for Sonic.

 

Courtesy of MetaStock Xenith

Sonic closed Tuesday at $22.73, down 29.7% year to date. It is in bear market territory, 37.5% below its April 6 high of $36.34. It set its 2016 low of $21.12 on Oct. 25.

The weekly chart is negative, with the stock below its key weekly moving average of $25.28, and above its 200-week simple moving average of $23.88. The weekly momentum reading is projected to decline to 20.71 this week, down from 21.11 on Oct. 28.

Investors looking to buy Sonic should consider doing so on weakness to $18.61, which was the low during the week of May 2, 2014. Investors looking to reduce holdings should do so by selling strength to $27.07, which is a key level on technical charts until the end of November.

Here's the weekly chart for Under Armour.

 

Courtesy of MetaStock Xenith

Under Armour closed Tuesday at $30.52, down 26.7% year to date. It is deep into bear market territory, 44.2% below its Sept. 25, 2015, high of $54.68. It set its 2016 low of $30.06 on Nov. 1.

The weekly chart is negative but oversold, with the stock below its key weekly moving average of $35.92, and below its 200-week simple moving average of $32.77. The weekly momentum reading is projected to decline to 13.51 this week, down from 17.52 on Oct. 28, well below the oversold threshold of 20.00.

Investors looking to buy Under Armour should consider doing so on weakness to $24.68, which is a key level on technical charts until the end of 2016. Investors looking to reduce holdings should do so by selling strength to $33.56, which is a key level on technical charts until the end of 2016.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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