Looking for Action? Most Volatile Stocks
Thursday, September 18, 2008 at 06:59AM For traders with a more short-term time horizon, we have compiled a list of the S&P 1500 stocks that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last fifty 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 the list this month.
Indicative of the market's recent volatility, ten stocks in the S&P 1500 currently have an intraday range of over 15%. But the most interesting aspect of this month's list is that for the first time in several months, there are more stocks with rising 50-day moving averages than falling 50-days. This suggests that the most recent leg lower has been confined to a narrower group of stocks.
Reader Comments (1)
The hedge funds have no choice but to sell; hence, this crazy selling pressure. As the stock prices fall, more and more of the hedge funds panic and sell.
It has nothing to do with the fundamentals.
This is an irrational fear driven panic attack, and an up-tick rule would slow the rate of declines and would give some time to come down. Once everyone takes a deep breath, we will violently rebound