Day trading stock picks likely to move big (up or down) during the week of August 1: $HTZ $WLL $SPN $OAS $AKS $CLF and few that are usually good day trading candidates: $SPY $BAC, plus several others.
I screen for day trading stocks with a recent history of percentage volatility. That means these stocks are highly likely to move big (up or down–trade the intraday trends) each day for the next week.
A new list is published each Tuesday, before the Open, on VantagePointTrading.com.
What can you expect from the day trading stock picks:
- greater than 5% moves intraday, on average
- more than 4,000,000 average volume (typically more)
- all stocks; no leveraged ETFs
- Priced between $5 and $150…although this screen typically tends to produce stocks that are on the lower end of that price range.
These are day trading stock picks worth watching. I’m not recommending a specific trade or direction. For some guidance on day trading the stock picks discussed below, see How to Day Trade Stocks in 2 Hours or Less.
Pick a few stocks and trade them; don’t try to trade all of them.
Trading volatile stocks isn’t for everyone. It takes quick reflexes and fast execution to take advantage of the large percentage moves in these stocks.
Day Trading Stock Picks for Week of August 1
5 day, 5-minute, charts provided by TradingView.
Hertz Global Holdings (HTZ)
Average day range (30) is 7.41% and average volume (30) is 10.3 million.
Whiting Petroleum (WLL)
Average day range (30) is 6.42% and average volume (30) is 22.7 million.
Superior Energy Services (SPN)
Average day range (30) is 6.32% and average volume (30) is 5.1 million.
Oasis Petroleum (OAS)
Average day range (30) is 5.45% and average volume (30) is 9.2 million.
AK Steel (AKS)
Average day range (30) is 5.2% and average volume (30) is 22.1 million.
Cliffs Natural Resources (CLF)
Average day range (30) is 5.14% and average volume (30) is 13.5 million.
AMD and MOMO dropped off the list, as their average volatility/daily movement has dropped slightly below 5% per day. CBI is still moving well, but average volume has dropped below 4 million.
Other Good Day Trading Stocks and ETFs
These stocks and ETFs typically move enough to create intra-day trends, and have ample volume. These are solid day trading stocks, that tend to have some good intra-day movement, but that aren’t quite as volatile as the stocks above.
S&P 500 SPDR ETF (SPY)
Bank of America (BAC)
Another option is to look for stocks with large daily moves in dollar terms (for example, the price typically moves $1.50 a day and does at least 5 million in volume). This type of screen will also tend to produce stocks that provide ample volatility for trading the intraday price moves. These stocks are typically higher priced, and include Apple (AAPL), Nvidia (NVDA), AliBaba Group (BABA) and Facebook (FB).
Got a volatile stock you like day trading/found? Let me know in the comments section.
Remember Risk Management
Losing trades WILL happen. Don’t risk more than 1% of your trading account on a trade (risk = difference between entry price and stop loss price, multiplied by the number of shares). Slippage is likely in these stocks. Make sure the stock can support the position size you wish to trade. Failing to do so could result in further slippage.
See the video: How to Find Volatile Stocks for Day Trading (in 20 minutes a week) for the method used to find these stocks.
By Cory Mitchell, CMT