Inspired by my first post on this blog about day trading, I am going to talk about five stocks that traders who want to make some big moves in the near term should look into. All of these stocks trade above $10 and have the biggest intraday high-low ranges. This is according to observations in the last 50 days of the average percent spread between the intraday high and low.
Based in Stockton, CA, this packaged food company has a 52-week range of $21.44 - $96.13. If that doesn’t catch your eye, it is actually the only stock in the S&P 1500 with a stock price higher than $10 that averages a high/low spread of just over 7 percent each day.
Rubicon Technology, Inc. (NASDAQ:RBCN)
There are mixed reviews of this tech stock with some bulge brackets on Wall Street saying to sell while others being bullish on its growth prospects, but at $12.58 a share it sure is tempting to buy and trade.
Lumos Networks Corp (NASDAQ:LMOS)
Fundamental analysts seem to think that this telecom services company has solid fundamentals. The P/E ratio of 14.79 is in the fair value range, but it makes it into this list as a result of its volatility.
First Solar, Inc. (NASDAQ:FSLR)
There is another tech stock to make this list as expected. It is on the lower end of its very volatile 52-week range of $29.87-$175.45 at $49.03 a share. This stock is up 7 percent as of today’s trading day and should be a good addition to your portfolio if you’re looking to make a quick buck according to many stock analysts.
The world’s largest asset manager BlackRock has bought more shares of KB Home and its total stake is now 9.3 percent and 7.2 million shares. The investment management firm might be onto something.
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