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Top 6 Stocks to Buy for April

You can still find reasonably priced stocks in building, energy and health care

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Top Stock to Buy #4 – Southwest Airlines (LUV)

Southwest Airlines (NYSE:LUV) is our “bottom fisher’s choice” for this month. The stock fell from over $14 in October 2010 to almost $7 in October 2011. But a turnaround appears to be occurring with the acquisition of AirTran, which resulted in an immediate 20% growth.

Earnings are estimated at 70 cents in 2012 versus 43 cents in 2011. The airline is known for the high quality of its management and enjoys an excellent reputation among customers.

Although technically still in a bear market, LUV has a solid base at $8 and recently flashed a buy signal from the stochastic and our internal indicator, the Collins-Bollinger Reversal (CBR). The trading target for LUV is $9 to $9.50, but long-term investors have an opportunity to buy this stock for a possible double or more.

LUV Chart
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