Looking For Action? S&P 1500 Most Volatile Stocks

by: Bespoke Investment Group

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.

In our last look at the most volatile stocks, we noted that there were just five stocks in the S&P 1500 trading above $10 that had an average daily move of 5% or more, and only one of those stocks had an average range of more than 6%. In our latest update below, the number of stocks with an average daily range of 5% or more has increased to eleven, but there are no stocks with an average daily range of more than 6%. Netflix (NASDAQ:NFLX) is by far the highest priced stock in the table. Not only is it trading above $100, but its also above $200!

Looking at the list of stocks in uptrends, it is interesting to note that 4 of the 27 are homebuilders. Stocks like M/I Homes (NYSE:MHO), Ryland (NYSE:RYL), KB Homes (NYSE:KBH), and Meritage (NYSE:MTH) have been strong stocks lately, but they have also been volatile too.

Other notable stocks in this month's list include First Solar (NASDAQ:FSLR) and Best Buy (NYSE:BBY), which are up 50% and 100%, respectively, so far this year. FSLR reports after the close tonight, so it is likely to only get more volatile in the short term. On the right side of the table, shares of 3D Systems (NYSE:DDD) are up 30% since late April, but the stock still has a declining 50-day moving average. If it has another week or two like the last two, though, expect to see the stock on the list of volatile stocks in uptrends next month.