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Thursday
Jan242013

Looking For Action? S&P 1500 Most Volatile Stocks

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 (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.