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5 Stocks to Buy for June

Strong technicals bode well for these large-cap stocks

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Stocks to Buy in June: Kroger (KR)

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Not too long ago, supermarket operators like Kroger (KR) looked done for, squeezed between cheaper Wal-Mart (WMT) on one side and fancier Whole Foods (WFM) on the other. But times have changed. Industry consolidation, better pricing and more organic products have Kroger and KR stock back in the game.

KR stock is up more than 21% this year, putting shares 4.9% above their 50-day moving average, and 15.2% above their 200-day moving average. That momentum should help KR stock maintain its record for high June returns. Over the last decade, KR stock has put up an average gain of 2.7% for the month.

The wide outperformance of KR stock has made it very popular, but it’s not quite hitting overbought territory yet, with a relative strength indicator of 66 vs. an industry average of 49. With more upside to come, KR stock deserves a place among this month’s stocks to buy.

Article printed from InvestorPlace Media,

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