5 Stocks to Buy in April

The technicals say these blue chips are buys thanks to price momentum and seasonal strength

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5 Stocks to Buy in April

Stocks to Buy in April: General Mills (GIS)

GIS technicals 300x245 5 Stocks to Buy in April
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General Mills (GIS) stumbled with the rest of the market this month, but it’s still up more than 3% for the year-to-date. That has the cereal and packaged-food company’s shares beating the broader market by a percentage point — with more outperformance on tap.

GIS stock is roughly 4% above both its 50- and 200-day moving averages, and it’s trading just 2.3% below its 52-week high.

Relative strength is a … well, strength for GIS, at 59 — high, but not overbought. And the Thomson Reuters Relative Strength Indicator puts GIS stock at 55, just above the industry average of 53.

If you’re looking for stocks to buy in April, note that the month also shines on General Mills, with average gains of 4.2% in April over the past decade.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/stocks-to-buy-in-april/.

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