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). The stocks are grouped based on whether they have a rising or falling 50-day moving average (DMA).

With biotech and social media/cloud stocks selling off hard over the last two months, the list below is dominated with stocks from the Healthcare and Technology sectors. In this month's list there are 17 stocks from the Healthcare sector and 16 from Technology. As a sign of the increasing volatility in the market over the last several weeks, the number of stocks listed with average intraday ranges of 5% or more has been steadily increasing. In early February, only three stocks trading above $10 per share had an average daily range of more than 5%. Last month, that number increased to 17, and this month we saw an additional uptick to 18.

Leading the way on the volatility scale is Ligand Pharmaceuticals (NASDAQ:LGND), with an average daily range of 6.6%. Other notable stocks on the list include First Solar (NASDAQ:FSLR), 3D Systems (NYSE:DDD), Trip Advisor (NASDAQ:TRIP), OpenTable (NASDAQ:OPEN), and Biogen (NASDAQ:BIIB), which is also the highest priced stock on this month's list. Trading at just under $300 per share, BIIB averages an intraday daily range of $12.50 per day. That's a day trader's dream... or depending on their timing, nightmare.