Looking For Action? S&P 1500 Most Volatile Stocks

by: Bespoke Investment Group

For traders with a more short-term time horizon who are looking for big day-to-day moves, 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). Stocks highlighted in gray are new to the list this month.

With the VIX currently trading near multi-year lows, it is not a surprise to see the intraday volatility of individual stocks rapidly decline. Currently, there are only six S&P 1500 stocks trading above $10 per share that have an average daily range of more than 5%. Four of those stocks (ANR, DDD, LAWS, and DECK) are trading in uptrends, while just two (BTH and JCP) are in downtrends. The highest priced stock in this month's list is Netflix (NASDAQ:NFLX), which is trading up more than 37% today. Besides NFLX, the only other stocks trading above $50 per share that made the list are DDD, RGR, OSIS, and STRA.

What is a bit surprising about this month's list is the fact that the number of stocks in uptrends (rising 50-DMA) is not that much greater than the number of stocks in downtrends (falling 50-DMA). Of the 50 names highlighted, 29 have rising 50-DMAs while 21 have falling 50-DMAs. Normally, when the market is in a strong rally like the one we have seen over the last several weeks, the list of stocks in uptrends is a lot more lopsided.