Stocks to Buy in April: Microsoft (MSFT)
Click to EnlargeLike Johnson & Johnson, Microsoft (MSFT) stock is a Dow component that is having a terrific 2014. MSFT stock is up 6.4% for the year-to-date as the S&P 500 tries to stay afloat — with momentum for more gains in April.
While MSFT stock has pulled back a bit in the past few days, the stock still is trading about 4% above its 50-day MA, and is well above its 200-day MA, by 11.4%. There’s not much ceiling left for MSFT stock, either — should it reverse course, it only has about 4.5% to go before it resets the multiyear highs it reached at the beginning of the month.
MSFT stock also looks good on an RSI basis, at 53, plus is trumping its industry, according to the Thomson Reuters Relative Strength Indicator — there, MSFT scores a 56 out of 100 vs. an industry average of 44.
Lastly, MSFT is another blue-chip that loves April, with an average monthly return of 3.7% over the past 10 years.
As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.