Yes, using the \overfullrule
command in your preamble.
This has to be set to a length (I usually set it to be ~5pt) and it prints out a black rectangle near overfull hboxes.
Here is an example (words are not meaningful, but this way they can't be hyphenated, thus creating overfull hboxes)
\documentclass{article}
\overfullrule=5pt
\begin{document}
adfhafashfk jahsdkjash kjsahdkjashdkjhshskjdhkjhdkjdsh qwioeuqwoieuoqwiueoiw kwlqjewqejoqwiejowqiejoqwjewoqiejowqej oqwj oeijwqoie jqwoj eiwoi jeowijewjeejejeejlwkkkkkwwllwlwlwlwwlwlwlwlwlw jkljdlajkslsadj
\end{document}
With the fantastic result: 
About draft:
Sometimes it's not either advisable or useful providing a draft
option to the class, otherwise some packages (e.g. microtype
) do not work as they would in the final stages.
draft
option, all horizontal boxes sticking out into the margin will be marked with a black bar 2) look at the line number of the warning, with a good editor that support synctex, you can just jump to the right place.