For traders with a more short-term time horizon, we have compiled a list of the S&P 1500 stocks that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last fifty days). We then grouped the stocks based on whether they have a rising or falling 50-day moving average. Stocks highlighted in gray are new to the list this month.
The most notable trend with this list is that the number of stocks in downtrends far outnumbers the amount of volatile stocks in uptrends. However, the list also reflects the large number of stocks in the S&P 1500 that are trading for less than $10 per share. In fact, of the stocks listed in uptrends, not one of them has a double digit price. While these stocks have large intraday ranges on a percentage basis, in terms of dollars and cents, their daily moves are much more modest.
For investors looking for volatility in higher priced stocks, we also screened the S&P 1500 for the most volatile names that are trading above $10. Perhaps the most notable name on this list is Morgan Stanley (NYSE:MS). While it's no surprise that the stock has been volatile, the fact that it has a 50-day moving average which is actually rising is astonishing.