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). We then grouped the stocks 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.
With the VIX falling and staying at historically low levels, the term volatile is becoming more relative of a term. There was a time not too long ago when a stock had to have an average daily range of at least 5% to make the list of most volatile stocks. As of yesterday there were only six stocks in the S&P 1500 trading for more than $10 per share that have an average daily range of 5% or more. The most volatile stock in the S&P 1500 is ITT Educational Services (ESI) with an average daily range of 6.1%. The most volatile uptrending stock (rising 50-DMA) is 3D Systems (DDD), which averages a daily move of 5.9%. Today has been even more volatile than normal for the stock as it's trading down 13% after missing revenues and lowering guidance before the open Monday. Even after yesterday, the stock is still above its 200-DMA and the uptrend of the last year, for now, remains intact.
Other notable names on this month's list include JC Penney (JCP), which surprisingly now has a rising 50-DMA. Netflix (NFLX) is the highest priced stock on the list, averaging a daily range of 4.8%. In dollar terms, shares of NFLX see an average daily high/low spread of $9. Behind NFLX, Geospace Technologies (GEOS) is the only other triple digit stock on the list, averaging a daily range of 3.6%.