Day Trading Stock Picks For This Week - Tuesday, August 15

Day trading stock picks likely to move big (up or down) during the week of August 15: $HTZ $OAS $CBI $NBR $AKS $CLF and $ENDP, plus several others.

Hertz Global Holdings (HTZ)

Average day range (30) is 8.31% and average volume (30) is 11.3 million.

HTZ - stocks for day trading

 

Oasis Petroleum (OAS)

Average day range (30) is 5.77% and average volume (30) is 9.7 million.

OAS - stocks for day trading

 

CBI Bridge and Iron (CBI)

Average day range (30) is 5.52% and average volume (30) is 5.5 million.

CBI - stocks for day trading

 

Nabors Industries (NBR)

Average day range (30) is 5.15% and average volume (30) is 8 million.

NBR - stocks for day trading

 

AK Steel (AKS)

Average day range (30) is 4.97% and average volume (30) is 21.7 million.

AKS - stocks for day trading

 

Cliffs Natural Resources (CLF)

Average day range (30) is 4.84% and average volume (30) is 11.9 million.

CLF - stocks for day trading

 

Endo Pharmaceuticals (ENDP)

Average day range (30) is 4.67% and average volume (30) is 6.1 million.

ENDP - stocks for day trading

 

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 $6.48 and Average Volume (30) is 19.4 million.

AliBaba Group (BABA): ATR (14) is $4.75 and Average Volume (30) is 14.1 million.

Inverse VIX ETF (XIV): ATR (14) is $4.41 and Average Volume (30) is 11.4 million.

Apple (AAPL): ATR (14) is $3.40 and Average Volume (30) is 24.8 million.

Facebook (FB): ATR (14) is $3.17 and Average Volume (30) is 18.5 million.

2x VIX ETN (TVIX): ATR (14) is $1.87 and Average Volume (30) is 11.6 million.

JD.com (JD): ATR (14) is $1.70 and Average Volume (30) is 10.2 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)

5 day, 5-minute, charts provided by TradingView.

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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