For traders with a short-term time horizon who are looking for big moves over a short period, we have updated our list of the S&P 1500 stocks trading above $10 that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last 50 days). The stocks are grouped based on whether they have a rising or falling 50-day moving average (DMA). Stocks highlighted in gray are new to the list since our last update.
Along with an overall decline in market volatility, individual stock volatility has also been on the decline. Of the 50 stocks highlighted in the table, just 13 have seen an average daily range of more than 5% over the last 50 trading days. In terms of the breakdown between stocks in uptrends and downtrends, up trending stocks have the edge at 29 to 21, but given the run the market has been on, we would have expected the disparity to be even wider. The two most volatile stocks in the S&P 1500 are currently Century Aluminum (CENX) and CARBO Ceramics (CRR), which are both in short term uptrends (rising 50-DMA) and have seen average daily moves of 5.8%. Given that both stocks are trading at around $15 per share, though, their average daily range is still less than a dollar. In terms of dollar moves instead of percentage moves, the biggest mover is Eagle Pharmaceuticals (EGRX). With a share price of $73.74 and an average daily range of 4.6%, EGRX trades in an average range of over $3 per share every day.
Looking at the list below, there aren’t a whole lot of household names on it. Some of the more notable names, though, include US Steel (X), Advanced Micro (AMD), Restoration Hardware (RH), and Fossil (FOSL). In terms of sector representation, stocks from seven out of eleven sectors comprise the list, with Health Care (14), Energy (12), Materials (9), and Consumer Discretionary (8) dominating the list. Not surprisingly, not a single stock from the Utilities, Telecom Services, Consumer Staples, or Real Estate sectors made the list.