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.
With the increased volatility in the market over the last month coupled with the overall downward bias, two trends worth highlighting in today’s update are that the average high/low spread of the 50 most volatile stocks is a lot higher now than it was in recent months and the vast majority of the stocks listed are in downtrends. As shown in the table, all fifty stocks listed below have average daily ranges of at least 5%. For the sake of comparison, back in May just 20 of the 50 most volatile stocks had average daily moves of 5% or more. Secondly, while just 19 stocks had falling 50-day moving averages back in May, today more than twice as many (42) have falling 50-day moving averages.
In terms of individual stocks, the highest priced stock on this month’s list is Lending Tree (TREE), which has an average high/low range of 5.5%. With a share price of $105, that works out to a daily intraday range of about $5 per day. In percentage terms, the most volatile stock in the S&P 1500 (trading above $10 per share) is hedge fund hotel Sun Edison (SUNE), which has an average range of 10% per day. Although at a price of just over $10 per share, its average daily dollar range is less than a fifth of TREE.