Day Trading Stock Picks For This Week - Tuesday, August 22
Day trading stock picks likely to move big (up or down) during the week of August 22: HTZ, CBI, OAS, SNAP, NBR, ENDP, SWN, CLF, AKS, plus several others.
Hertz Global Holdings (HTZ)
Average day range (30) is 8.7% and average volume (30) is 12.2 million.
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CBI Bridge and Iron (CBI)
Average day range (30) is 5.7% and average volume (30) is 5.7 million.
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Oasis Petroleum (OAS)
Average day range (30) is 5.51% and average volume (30) is 9.2 million.
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Snap Inc. (SNAP)
Average day range (30) is 5.19% and average volume (30) is 33 million.
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Nabors Industries (NBR)
Average day range (30) is 5.01% and average volume (30) is 8 million.
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Endo Pharmaceuticals (ENDP)
Average day range (30) is 5.01% and average volume (30) is 7.1 million.
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Southwestern Energy (SWN)
Average day range (30) is 4.77% and average volume (30) is 16.6 million.
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Cliffs Natural Resources (CLF)
Average day range (30) is 4.71% and average volume (30) is 11.8 million.
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AK Steel (AKS)
Average day range (30) is 4.65% and average volume (30) is 20.7 million.
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AMD and MOMO dropped off the list, as their average volatility/daily movement has dropped slightly below 5% per day.
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):
Nvidia (NVDA): ATR (14) is $5.91 and Average Volume (30) is 18.7 million.
Inverse VIX ETF (XIV): ATR (14) is $5.38 and Average Volume (30) is 13.1 million.
AliBaba Group (BABA): ATR (14) is $4.54 and Average Volume (30) is 17.3 million.
Apple (AAPL): ATR (14) is $3.41 and Average Volume (30) is 26.1 million.
2x VIX ETN (TVIX): ATR (14) is $2.46 and Average Volume (30) is 14.8 million.
Facebook (FB): ATR (14) is $2.43 and Average Volume (30) is 18.5 million.
JD.com (JD): ATR (14) is $1.65 and Average Volume (30) is 12.1 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)
Disclosure: The author doesn’t have positions in these stocks currently, but may initiate positions if the stock prices slide a bit lower.
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