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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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Stocks to Buy in April: Johnson & Johnson (JNJ)

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Johnson & Johnson (JNJ) is crushing the market so far this year with 7% gains, and has ample momentum left.

JNJ, which is only a percentage point shy of its 52-week high, is trading 5.2% above its 50-day MA and 6.8% above its 200-day.

Unlike the previous stocks, JNJ stock is actually looking a bit stretched as far as relative strength is concerned. Still, an RSI of 66 remains below the overbought level of 70.

Johnson & Johnson looks more fitting among stocks to buy when you look at the Thomson Reuters Relative Strength Indicator, which gives JNJ stock a score of 67 — leaps and bounds better than the industry average of 44.

Meanwhile, April returns average about 3% for JNJ stock.

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