Looking For Action? S&P 1500 Most Volatile Stocks

by: Bespoke Investment Group

For traders with a more short-term time horizon, we have compiled a 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. Stocks highlighted in gray are new to this month's list. For the first time in several months, the number of volatile stocks on this month's list with rising 50-day moving averages is greater than the number of stocks with falling 50-days.

The most volatile stock on the list is Lumos Networks (NASDAQ:LMOS), which averages an intraday range of 8.3%. With its wild swings (mostly to the downside) over the last month, Diamond Foods (NASDAQ:DMND) remains one of the most volatile stocks on the list with an average daily high/low spread of 8.0%. One newcomer to this month's list is Sears Holdings (NASDAQ:SHLD), which has seen an average daily range of 5.3%.

Given the market's volatility from August through the end of 2011, traders had a plethora of volatile stocks to choose from. At least to start this year, however, traders have had a tougher time finding volatility. So far in 2012, the S&P 500 has only had one 1%+ move in seven trading days, and that was on the first trading day of the year. This contrasts to the last five months of 2011 where the S&P 500 averaged a 1% move more than once every other day!

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