Coca-Cola (KO)

by | Apr 19, 2024 | Daily Trade Alerts

Coca-Cola (KO) looks good on weakness.

After dropping to $58.18 from $$61, it’s now oversold on RSI, MACD and Williams’ %R. But it is starting to bounce back fast. From its last traded price of $58.91, I’d like to see it retest $61. Better, while we wait for it to recover, we can collect its yield of about 3.3%.

“The company returned $8 billion in dividends to shareowners in 2023, bringing the total amount of dividends paid to shareowners since Jan. 1, 2010, to $84.7 billion,” as noted in a recent press release. Helping, analysts at Barclays just raised their price target on KO to $68 with an overweight rating.


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