Although there has been a slight uptick in daily volatility of the overall equity market, individual stock volatility remains low.? As shown in the list below, there are currently only five stocks in the S&P 1500 that are trading above $10 per share that have had an average intraday range of more than 5% over the last 50 trading days.? Four of these stocks (3D Systems (NYSE:DDD), ITT Educational Services (NYSE:ESI), JC Penney (NYSE:JCP), and Ebix (NASDAQ:EBIX)) are currently in downtrends (falling 50-DMA) and just one (BTH) is in an uptrend (rising 50-DMA).? For 3D Systems, 2013 has certainly been a reversal year.? After being one of the top performing stocks in 2012, shares have gone nowhere but down since topping out at more than $46 per share in mid-January.
The highest priced stock in the list is Netflix (NASDAQ:NFLX), which has averaged an intraday range of 4.7% over the last 50 trading days.? With a share price of $189, that works out to a daily price range of $9.? The only other high priced stock on the list is Geospace Technologies (NASDAQ:GEOS), which averages a daily range of nearly $4.? Overall, of the 50 names on the list, stocks in uptrends outnumber stocks in downtrends by a margin of 35 to 15.
This article was originally published by Bespoke Investment Group.
No positions in stocks mentioned.
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