For traders with a more 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). We then grouped the stocks based on whether they have a rising or falling 50-day moving average (DMA).
As shown in this month's list, the number of volatile stocks with declining 50-day moving averages is considerably more than the number of volatile stocks with rising 50-day moving averages. This is primarily a reflection of the weak overall market backdrop. Interestingly, the thirteen most volatile stocks with rising 50-day moving averages all come from either the Consumer Discretionary or Technology sector.
Of the stocks with falling 50-day moving averages, the Consumer Discretionary sector is once again well represented with eight names, whereas there are just five stocks from the Technology sector. Not surprisingly, given the Energy sector's overall weak performance, it should not come as too much of a surprise that the sector is the most heavily represented on the side of volatile stocks with declining moving averages (15).
Data and chart: Bespoke