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 number of stocks in uptrends that are showing up on our list of most volatile stocks continues to dwindle. As shown in the left side of the table, just ten of the 50 stocks shown are in uptrends, and if we excluded stocks in the Health Care sector, there would only be four. Even more surprising, though, is the fact that an Energy stock is at the top of the list! The way that sector has been decimated, you would think all of the stocks in the sector would be in downtrends.
As far as the list of volatile stocks in downtrends goes, Energy sector stocks dominate. Of the forty names listed on the right side of the table, fourteen are from the Energy sector. Of the names listed, most are not household names, but Wynn Resorts (WYNN) is one name that most investors would be familiar with. Overall, the most volatile stock in the S&P 1500 that is trading above $10 per share is Enanta Pharmaceuticals (ENTA), which has averaged an intraday change of 8.9% over the last 50 trading days. The only two other names with an average daily range of more than 8% are Unit (UNT) and Carbo Ceramics (CRR), which are both in downtrends. Finally, the stock with the highest price that made this month’s list is LendingTree (TREE). With a price of about $90 and an average daily range of 5.5%, TREE typically sees an intraday range of $5 per share.