Day Trading Stock Picks For This Week - Tuesday, May 2
Day trading stock picks likely to move big (up or down) during the week of May 2: $FMSA $AKS $CLF $OCLR $X $GNC and $SPY $BAC $XLF $WFT $WLL
I screen for day trading stocks with a recent history of volatility. That means these stocks are highly likely to move big (up or down–trade the intraday trends) each day for the next week.
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
These are day trading stock picks worth watching. I’m not recommending a specific trade or direction.
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 May 2
Charts courtesy of Finviz.
FMSA Holdings (FMSA)
Average day range (30) is 7.08% and average volume (30) is 6.8 million.
(Click on image to enlarge)
AK Steel (AKS)
Average day range (30) is 6.16% and average volume (30) is 22.3 million.
(Click on image to enlarge)
Cliffs Natural Resources (CLF)
Average day range (30) is 5.87% and average volume (30) is 17.4 million.
(Click on image to enlarge)
Oclaro (OCLR)
Average day range (30) is 5.2% and average volume (30) is 11 million.
(Click on image to enlarge)
US Steel (X)
Average day range (30) is 5.1% and average volume (30) is 23.9 million.
(Click on image to enlarge)
GNC Holdings (GNC)
Average day range (30) is 4.97% and average volume (30) is 4.4 million.
(Click on image to enlarge)
Good All-Time 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)
Financial Sector ETF (XLF)
Weatherford International (WFT) or alternatively Whiting Petroleum (WLL)
Got a volatile stock you like day trading/found? Let me know in the comments section.
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.
Disclosure: The author doesn’t have positions in these stocks currently, but may initiate positions if the stock prices slide a bit lower.
None of the content in this ...
more