The Top 5, S&P Stocks With The Largest 52 Week Trading Range

The Top 5, S&P Stocks With The Largest 52 Week Trading Range

November 4, 2018 0 By JD

Predicting direction based on a stocks trading range is but one part of the bigger picture.

It was hard to predict what was in store for the market last week.  Apple was reporting earnings on Thursday, the jobs report was due out Friday, and it was still the dreaded month of October.  But, after five trading days and the smoke had cleared, all was well.  The Dow found a way to grind out 363.43 points above the previous weeks close.

So, it’s time for a little Monday morning quarterbacking to see if we can read the tea leaves for what may be in store for the market this week.  I’d like to highlight the top 5, S&P stocks with the greatest trading range.  For those unfamiliar with the term ‘trading range’, it’s simply; the difference between where a stock has been trading during a given period of time.  In this case our period of time will be the 52 week high, and the 52 week low.

Trading Range is a pattern that occurs when a stock experiences up-and-down movement, but no definite trend to the upside or downside.  A stock can enter a trading range as part of a period of consolidation before rallying higher or dropping lower.  There are technical strategies; such as Support and Resistance Trading which traders use to time the market.  If you’re interested in learning more about ‘technical trading, Cory has a great article on the subject.    I prefer a buy and hold, Dollar Cost averaging approach to stock investing, so technical analysis of a stock is of less importance to me.

Why a Stocks Trading Range is important in Dollar Cost Averaging

A stocks Trading Range are its breadcrumbs which tell the investor a story of where the stock has come from, and gives a snapshot for what its potential can be.  It’s certainly not an exact science, because new 52 week highs and lows are always changing.  As a dollar cost average investor, we’re looking to identify entry points.  It may be that the stock is mistakenly trading lower because the market as a whole is trading lower.  A dollar cost average investor should be looking for good value in a stock.  Once value is determined, then decide; Is now a good time to add to my position?  Keep in mind, analyzing the Stocks Trading Range should be only one of the determinants in your stock buying or selling strategy.

My objective to identifying these S&P companies with the greatest trading range is to help you potentially find a stock with value.  There are so many stocks out there, which frankly creates “noise”.  Finding one stock in a sea of many, can be a challenge.  So here are the top 5, S&P stocks with the largest trading range as of Friday November 2, 2018:

General Electric-(GE)-Current Trading Range-52.86%

52 Week Low on 11/2/18-$9.07 | 52 week High on 11/10/2017 $20.49

What the experts think:

Zacks-recently moved from ‘Sell’ to ‘Strong Sell’

The Street-D+

Dividend.com-DARS Rating-3.6 out of 5

Marketwatch-Recent change from ‘Hold” to ‘Overweight’

Morningstar-Recent change from ‘Undervalued’ to ‘Significantly Undervalued’.

My Raw Score-5.85, compared to the top raw score; Blackrock (BLK) @ 15.25

Dentsply Sirona-(XRAY)-Current Trading Range-46.08%

52 Week low on 10/29/18-$33.93 | 52 week high on 11/28/17-$68.98

What the experts think:

Zacks-‘Hold’

The Street-D+

Dividend.com-DARS Rating 3.6 out of 5

Marketwatch-‘Overweight’

Morningstar-‘Fairly Valued’

My Raw Score:  5.30 compared to the top raw score; Blackrock (BLK) @ 15.25

EQT Corporation-(EQT)-Current Trading Range-44.15%

52 Week low on 10/29/18-$30.53 | 52 Week high on 11/9/17 $65.95

What the experts think:

Zacks-Recent change from ‘Hold’ to ‘Buy”

The Street-C-

Dividend.com-Recent DARS Rating change from 3 out of 5 to 2.6 out of 5

Marketwatch-‘Overweight’

Morningstar-No Assessment

My Raw Score 6.25 compared to the top raw score; Blackrock (BLK) @ 15.25

Affiliated Managers Group-(AMG)-Current Trading Range-40.55%

52 Week low on 10/29/18-$110.27 | 52 Week high on 1/26/18-$217

What the experts think:

Zacks-Recent change from ‘Hold’ to ‘Strong Sell’

The Street-Recent change from C+ to C

Dividend.com-Recent DARS Rating change from 3 out of 5 to 2.6 out of 5

Marketwatch-Recent change from ‘Buy’ to “Overweight”

Morningstar-Recent change from ‘Significantly Undervalued’ to ‘Undervalued’

My Raw Score 8.75 compared to the top raw score; Blackrock (BLK) @ 15.25

Western Digital Corporation-(WDC) Current Trading Range-40.37%

52 Week low on 10/30/18-$40.58 | 52 week high on 3/16/18-106.96.

What the experts think:

Zacks-Recent change from ‘Hold’ to ‘Strong Sell’

The Street-Recent change from B- to C

Dividend.com-Recent DARS Rating change for 2.6 out of 5 to 2.4 out of 5

Marketwatch-‘Overweight’

Morningstar-‘Undervalued’

My Raw Score 2.25 compared to the top raw score; Blackrock (BLK) @ 15.25

As always, consult your financial Sensei before making any purchases of these or any other stocks.

Slick Photo compliments of:

Matthew Guay