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 this month.
Although the S&P 500 has been range bound for the last several weeks, the majority of the most volatile stocks in the S&P 1500 are trading in uptrends as 31 of the 50 stocks listed below have rising 50-day moving averages. The most volatile stock in the S&P 1500 is 3D Systems (DDD) and with an average intraday range of 14.4%, DDD is more than twice as volatile as the next closest stock on the list (Carbo Ceramics – CRR). Besides these two stocks, there are 18 other stocks on the list that have average daily ranges of more than 5%. While DDD and CRR are the most volatile stocks in percentage terms, the two stocks with the largest intraday trading ranges in dollar terms are Virtus Investment Partners (VRTS) and Ligand Pharmaceuticals (LGND), which have seen average daily intraday ranges of $5.05 and $3.77, respectively.
One noteworthy aspect of this month’s list involves sector representation. In this month’s list, 23 of the 50 stocks listed are from the Energy sector. For a sector with just 100 stocks in it, this seems high at first glance. However, this is the first time in the last few months that less than half of the names on the list were from the Energy sector. So, slowly but surely the sector’s extreme volatility is beginning to abate.