With a yield of 3.02%, Coca-Cola has become ridiculously oversold. At the moment, the stock sits at support dating back to Jan. KO is also over-extended on RSI, MACD, and Williams’ %R. Also, the last time KO became this oversold on these technical indicators, it ran from about $59 to about $65.
Plus, this Dividend King – with a history of 61 years of payouts – is still among Warren Buffett’s favorite stocks and beverages. With KO, investors can collect yield, while waiting for the stock to recover.