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.
After the worst start to the year for equities in history, it comes as no surprise that the majority of stocks are in downtrends, but in this month’s update of the most volatile stocks, things are extremely skewed to the negative side. As shown in the table below, just three of the most volatile stocks listed are in uptrends (Gulfport Energy-GPOR, Roadrunner Transportations-RRTS, and Cabot Oil & Gas-COG). The fact that two Energy stocks take up two of the three slots in the list of uptrends is pretty surprising, but make no mistake, Energy is still depressed. On the other side of the ledger, Energy stocks comprise 19 of the 47 most volatile stocks in downtrends. Health Care is the next closest sector with eleven.
Regarding individual stocks, Williams (WMB) is the most volatile stock currently trading above $10, averaging a daily move of 11.8%. The two highest priced stocks listed are Synaptics (SYNA) and Wynn Resorts (WYNN), both of which currently trade in the $70s and average a daily move of over 6%. On a dollar basis, that works out to an average intraday move of $5.