Here is my list of top defensive plays going into April. If you're looking for some nice defensive stocks to go along with the rest of your long positions in the portfolio, then take a look at the list of stocks below that are more defensive than growth oriented. They are stocks that shouldn't see a lot of volatility and won't fall through the floor, should this market experience some additional selling going forward. In essence, these stocks represent a good balance of companies that are dependable, stable, usually collect a respectable dividend and hold their value all at the same time.
I hate including Home Depot (HD) on this list but the chart still doesn't look all that bad. But my favorites from the list below are EMC Corp (EMC) with a nice bull flag forming, United Parcel Services (UPS) - Double Bottom breakout, Diageo (DEO) - breaking through resistance to new highs, and CVS Caremark (CVS) with a consolidation at the highs and a potential breakout above $36.63. With any of these stocks, make sure you are well aware of when the companies report earnings.
Here are My Top Big-Cap Stock Plays.
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>