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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: ConocoPhillips (COP)

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ConocoPhillips (COP) was finally back to breakeven for the year-to-date before everything started selling off on April 2. It has held up fairly well — COP stock is off only about 1% so far this year — and now shares in the oil-and-gas giant look ready to roll.

COP stock is trading 4.2% above its 50-day moving average and 1.3% above its 200-day MA. It’s also within striking distance of its 52-week high, sitting just 6.5% below that level.

Relative strength is what really puts COP among this list of stocks to buy. An RSI reading of 59 puts COP stock well below the overbought level of 70. Furthermore, according to the Thomson Reuters Relative Strength Indicator, COP stock scores a 63 out of 100 vs. an industry average of 54.

Plus, April hasn’t been that bad for ConocoPhillips: During the past 10 years, COP stock has an average return of 3.5% for the month.

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