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Top Stocks for Successful Day Trading in the Week of October 16 2023

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Are you looking for the best stocks to trade during the week of October 16, 2023? If you’re a day trader, you’re in the right place. We’ve compiled a list of the most promising stocks for your week ahead. Our selection process is based on three distinct scanning methods, updated weekly before the Monday market open. These stocks consistently provide lucrative trading opportunities throughout the week, so let’s dive into the action.

1. Stocks with High Daily Percentage Movement (5%+)

The first category of stocks we’ll explore is those that consistently exhibit substantial daily percentage movements. These are the ones that can make your day trading journey exhilarating.

  • AMC (AMC): This stock boasts an impressive 10.18% average daily movement with an average daily volume of 26 million.
  • Novavax, Inc. (NVAX): With an 8.29% average daily movement and an average volume of 11 million, NVAX is a prime candidate for day traders.
  • IONQ Inc. (IONQ): IONQ’s average daily movement of 7.94% and 11 million in average daily volume make it a compelling choice.
  • Marathon Digital (MARA): MARA offers a daily movement of 7.83% and an average volume of 25 million.
  • Carvana Co. (CVNA): CVNA records an average daily movement of 7.77% and an average volume of 9 million.
  • RIOT Platforms, Inc. (RIOT): RIOT provides a 6.84% average daily movement with an average volume of 16 million.
  • Affirm Holdings (AFRM): AFRM offers a 6.3% average daily movement and an average volume of 13 million.

Trading these high-percentage movers can yield impressive returns for day traders. You won’t need to constantly search for new opportunities, as these stocks consistently deliver exciting daily action. They tend to be on the lower-priced side, typically ranging from $6 to $135, with occasional exceptions.

2. Stocks with High Daily Dollar Movement ($2+)

For day traders looking for stocks with significant daily dollar movements, we’ve got you covered with this list.

  • NVIDIA Corporation (NVDA): NVDA boasts a daily intraday range of $13.40 and an average volume of 42 million.
  • Tesla Inc. (TSLA): TSLA has an intraday range of $9.80 and an average volume of 119 million.
  • Meta Platforms (META): META offers an intraday range of $8.46 and an average volume of 20 million.
  • Advanced Micro Devices (AMD): AMD has an intraday range of $3.61 and an average volume of 52 million.
  • Amazon.com Inc (AMZN): AMZN presents an intraday range of $3.35 and an average volume of 52 million.
  • Alphabet Inc. (GOOGL): GOOGL’s intraday range is $2.67, with an average volume of 23 million.

These stocks provide substantial opportunities for day traders, making it possible to secure impressive gains while minimizing the need to search for new trades daily.

#stocks #stockmarket #investment

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