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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: Verizon (VZ)

VZ techs
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Blue-chip telecommunications giant Verizon (VZ) isn’t doing much this year, but the technicals indicate that will all change over the next couple of months.

Shares are essentially flat YTD, but with price momentum building since late April, VZ stock should at least market perform this month on a price basis. VZ stock has an implied upside of 0.7% for June based on a decade of trading. Add in the generous 4.2% yield on the dividend and VZ stock should generate a market-beating total return this month.

That price momentum in VZ stock is supported by shares trading 2.6% above their 50-day moving average, and 2.5% above their 200-day moving average. Furthermore, VZ stock is neither overbought nor oversold. VZ stock has a relative strength indicator of 57, while the industry average is 54.

With price momentum, history and a fat dividend on its side, VZ looks like one of the better stocks to buy for June.

As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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