Best day trading stocks right now

What stocks are moving a lot will change each day.

Some stocks have reported earnings or had analysts upgrades or downgrades and may surge or plummet.

The list of stocks moving on “news” is ever-changing, and thus requires constant homework or scanning to find them.

But what about day trading stocks with a long history of moving a lot every day, and trading them day in and day out?

Cory Mitchell, an analyst with Trading.biz said, “Each week I run a scan for stocks that average more than 7% movement between the open and close, which doesn’t include gaps, over the last 150 days.

Movement between the open and close is important because that is when day traders are trading, gaps don’t matter to a day trader as it is not capturable movement.

I will then add volume and price criteria, only looking for stocks that average at least 8M shares per day and are priced above $7. The list is generally small, with five to 10 stocks. I will trade two to four of the top percentage movers on the list all week. One scan a week, no other homework required for finding stocks that are likely to move a lot today, tomorrow, and for the rest of the week.”

The following are stocks that meet this criteria. All are averaging more than 7% movement intraday (between open and close) over the last 150 days. Price direction is not part of the scanning criteria, which means opportunities may occur for long or short trades.

Canopy Growth Corp. (CGC)

Canopy is in the cannabis production and distribution business.

• Average daily movement: 16.86%
• 30-day average daily volume: 22 million
• May 8 closing price: $9.03
• Low movement days are 6%, and high movement days are above 20%.

Cleanspark Inc. (CLSK)

Cleanspark is a Bitcoin mining company.

• Average daily movement: 9.18%
• 30-day average daily volume: 30 million
• May 8 closing price: $16.37
• Low movement days are 5.5%, and high movement days are above 10%.

Marathon Digital Holdings Inc. (MARA)

Marathon is another Bitcoin mining company.

• Average daily movement: 8.21%
• 30-day average daily volume: 46 million
• May 8 closing price: $20.09
• Low movement days are 5%, and high movement days are above 10%.

Riot Platforms Inc. (RIOT)

Riot is also a Bitcoin mining company.

• Average daily movement: 7.07%
• 30-day average daily volume: 25 million
• May 8 closing price: $10.35
• Low movement days are 4%, and high movement days are above 8%.

Sunrun Inc. (RUN)

Sunrun develops, sells, and installs solar energy systems in the US.

• Average daily movement: 6.79%
• 30-day average daily volume: 12 million
• May 8 closing price: $11.51
• Low movement days are 4%, and high movement days are above 10%.

Trading big movement isn’t for the faint of heart. It requires strong risk management skills since the price can move quickly and far. The flip side is that it can also result in large quick profits, making several percent of invested capital in several minutes.

Such stocks should not be traded on a whim. Create or follow a well-tested day trading method. This is just a list of stocks; how they are traded is up to the trader.