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 (11) are new to the list this month.
Although the broader market has practically rebounded completely from its pre-correction highs, the majority of stocks that make up the “most volatile” list remain in downtrends by more than a 2-1 margin. Of the 50 names listed below, 34 are in downtrends (falling 50-DMA) while just 16 are in uptrends (rising 50-DMA). In terms of sector breakdown in this month’s update, it is practically all Energy and Health Care. These two sectors alone account for more than two-thirds of the stocks listed (35).
In this month’s list, Unit Corporation (UNT) is the only stock that has an average daily range of 10% or more. While the stock’s 50-DMA just recently started to turn higher — putting it on the uptrend side of the table — UNT is still down more than 50% from where it was this time last year. Ligand Pharma (LGND) has an average daily range of just 6.1%, which puts it right in the middle of the range for the 50 names listed, but with a share price of $103, its average daily range is the largest in dollar terms. The only other stock on the list with a triple-digit price is LendingTree (TREE) which has an average intraday range of 5.8%.