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.
The S&P 500 is currently on pace for its best month in four years, but the majority of individual names that make up our list of the most volatile stocks are still stuck in short-term downtrends (falling 50-DMA). Of the 50 names highlighted below, just 11 have rising 50-DMAs. The recent declines in the Health Care sector are really showing up in the results of this month’s screen of volatile stocks as 8 of the 13 new names on the list are from the sector.
One of the more surprising names on the list of stocks with rising 50-DMAs is Lumber Liquidators (LL). The stock has been mired in controversy for the last several months, and although the stock remains right near its lows of the year, it has been trading in a sideways range for the last two months which has caused the 50-DMA to flatline and actually turn slightly higher. The most volatile stock in the S&P 1500 is Unit (UNT), which averages an intraday range of 9.0%, while the highest priced stock on this month’s list is Lending Tree (TREE). At a price of $113 per share, its average intraday range of 5.7% works out to a daily swing of $6.50.