Day trading stock picks likely to move big (up or down) during the week of September 5: $HTZ $CBI $THC $ENDP $OAS $AKS $CLF $SWN $NBR, plus several others.
I screen for day trading stocks with a strong history of percentage volatility or dollar 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.
The list is broken down into two sections. The first section looks at stocks that typically have high percentage volatility each day.
- greater than 4% 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.
The second section looks at stocks that tend to move big in terms of dollar movement:
- move more than $1.50 per day
- more than 5,000,000 average volume
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 September 5
5 day, 5-minute, charts provided by TradingView.
Hertz Global Holdings (HTZ)
Average day range (30) is 8.47% and average volume (30) is 11 million.
CBI Bridge and Iron (CBI)
Average day range (30) is 6.9% and average volume (30) is 5.9 million.
Tenet Healthcare (THC)
Average day range (30) is 5.39% and average volume (30) is 5.5 million.
Endo Pharmaceuticals (ENDP)
Average day range (30) is 5.33% and average volume (30) is 7.5 million.
Oasis Petroleum (OAS)
Average day range (30) is 5.13% and average volume (30) is 8.6 million.
AK Steel (AKS)
Average day range (30) is 4.66% and average volume (30) is 20.5 million.
Clevland Cliffs (CLF)
Average day range (30) is 4.58% and average volume (30) is 10.8 million.
Southwestern Energy (SWN)
Average day range (30) is 4.57% and average volume (30) is 16 million.
Nabors Industries (NBR)
Average day range (30) is 4.51% and average volume (30) is 7.8 million.
Other Good Day Trading Stocks and ETFs
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 also tends to produce stocks that provide ample volatility for trading the intraday price moves. These stocks are typically higher priced or have experienced a recent price shock. Average True Range is a common indicator that measures daily average movement (in dollars).
Inverse VIX ETF (XIV): ATR (14) is $4.25 and Average Volume (30) is 13.9 million.
AliBaba Group (BABA): ATR (14) is $4.22 and Average Volume (30) is 19.1 million.
Nvidia (NVDA): ATR (14) is $3.77 and Average Volume (30) is 15.4 million.
Facebook (FB): ATR (14) is $2.28 and Average Volume (30) is 16.6 million.
Apple (AAPL): ATR (14) is $2.16 and Average Volume (30) is 26.6 million.
2x VIX ETN (TVIX): ATR (14) is $1.88 and Average Volume (30) is 18.2 million.
Additionally, the stocks and ETFs below typically move enough to create tradable intra-day trends, have ample volume but aren’t quite as volatile as the stocks above.
S&P 500 SPDR ETF (SPY)
Bank of America (BAC)
PowerShares QQQ (QQQ)
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