This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Stocks to Trade for Gains in April

BALTIMORE ( Stockpickr) -- The mantra of "new month, new market" is holding true again in April.

Investors are shifting sentiment by the calendar month in 2012, opting to turn bullish as the page turned to January, and now ramping up anxiety in April's first week of trading. Stocks are headed into what looks like a third day of selling today, a move that's being attributed to the Fed's not announcing another round of quantitative easing on Tuesday, and now rising borrowing costs for Spain.

But what's really changed? Not much.

>>5 Stocks Insiders Love Right Now

Let's not forget that Mr. Market just came off the biggest gaining first quarter in a decade. A week or two of sideways trading isn't exactly reason to run for the hills just yet. And in fact, the last couple weeks of selling have pushed the S&P 500's RSI reading within a few points of the neutral 50 level.

The last time that momentum gauge hit 50 was back in March, when stocks pulled back under similar circumstances only to double the S&P's 2012 gains in the month that followed. That's why at this point, traders shouldn't be looking for the exit signs -- they should be looking for buying opportunities.

To find those, we're turning to the technicals in five of Wall Street's big-name stocks this week.

If you're new to technical analysis, here's the executive summary:

Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.

Every week, we take an in-depth look at large-cap stocks that are telling important technical stories. Here's this week's look at the technicals of five must-see stocks.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
CSX $26.04 0.00%
FTR $5.18 0.00%
JNPR $22.34 0.00%
MCD $129.28 0.00%
TRI $40.42 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs