Day Trading Stock Picks For This Week - Tuesday, Sept. 26

Day trading stock and ETF picks likely to move big (up or down) during the week of September 26, based on percentage and dollar volatility statistics.

Hertz Global Holdings (HTZ)

Average day range (30) is 6.67% and average volume (30) is 8.3 million.

 

Ensco plc (ESV)

Average day range (30) is 5.58% and average volume (30) is 16.3 million.

Himax Technologies (HIMX)

Average day range (30) is 5.28% and average volume (30) is 6.7 million.

Tenet Healthcare (THC)

Average day range (30) is 5.24% and average volume (30) is 5.1 million.

Whiting Petroleum (WLL)

Average day range (30) is 5.16% and average volume (30) is 17.8 million.

Snap Inc. (SNAP)

Average day range (30) is 4.25% and average volume (30) is 30.2 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).

Nvidia (NVDA): ATR (14) is $6.15 and Average Volume (30) is 16.million.

AliBaba Group (BABA): ATR (14) is $3.93 and Average Volume (30) is 21.1 million.

 

Apple (AAPL): ATR (14) is $2.98 and Average Volume (30) is 31.2 million.

 

Facebook (FB): ATR (14) is $2.91 and Average Volume (30) is 14 million.

 

Inverse VIX ETF (XIV): ATR (14) is $2.76 and Average Volume (30) is 11.5 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.

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 article should ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.