Coca-Cola (KO)

by | Jan 18, 2023 | Daily Trade Alerts

After failing at major resistance dating back to March 2022, Coca-Cola (KO) appears to have bottomed out at $61.24. Even RSI, MACD, and Williams’ %R are telling us the pullback may be overdone here. From a current price of $61.68, we’d like to see it challenge resistance around $64.50. Even better, you can get paid to wait for KO to recover, with its dividend yield of 2.85%.

Plus, with Coca-Cola, you’re owning one of Warren Buffett’s favorite stocks. You’re also owning a company with significant brand strength, solid earnings, and a very long history of dividend growth. In fact, KO has been increasing its dividend for 50 years now. The last time it raised its dividend was in October 2022. At the time, it raised it to 44 cents a share.


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