[Platinum Watchlist] (2.2.23) updates on 6 stocks

Good morning.  

We moved past the FOMC meeting yesterday and the markets were rewarding to the bulls. Today we are looking for more earnings from the mega caps.   

LMT closed at 462.25 yesterday bouncing off the 20-day SMA which has provided price action support for the past 4 days. The RSI is now above the 50 level. The 9-day SMA is sloping up but is still below our cost basis at 455.35 so any sell orders would have to be placed above that level to preserve gains.   

ADBE closed up yesterday wicking off the upward moving 9-day SMA and our cost basis of 363.15. All of the oscillators are in the green with an upper resistance level of 438.40. We also saw a cross of the 200-day SMA by the 9-day SMA.  

SFM closed up yesterday at 32.06 continuing its sideways trading pattern using the 20-day SMA as support. The oscillators are all in the green with the RSI above the 50 level.  

ED has been on the “horizon” list and closed up yesterday. The MACD had a very slight positive crossover of the signal line. Watch for more strength here along with the RSI which is at 51.15.  

GD and CPB remain on the “horizon” as they have not provided satisfactory set-ups per the trading guidelines at this time. 

 Have a great day!  This information is provided for educational purposes and is not a recommendation to buy or sell a security.