5 Stocks Sitting on Support

My morning stock scan was focused on stocks with strong uptrends that have pulled back from recent highs and are now near support levels and that have moved close to oversold levels. Five stocks that fit the bill are listed below.

• Public Storage ($PSA) - Stock was mentioned yesterday, the REIT pays a 3.0% dividend and has a solid business model and long-term chart.
• Realty Income Corp ($O) - REIT that invests in commercial retail real estate and pays a 4.3% dividend.
• Ultrapar Holdings ($UGP) - A Brazilian oil & gas company that pays a 2.6% dividend.
• Coca-Cola ($KO) - Warren Buffett's favorite stock pays a 1.3% dividend, but is a little pricey for me at current levels.
• Franklin Electric ($FELE) - The most interesting stock with a PEG ratio of only 0.44 and a 1.0% dividend yield. Keep an eye on this relatively unknown company.