Parallel Aroon Indicators Reflect Consolidation in LMT

Even though Lockheed Martin (LMT) edged higher the last few weeks, both Aroon Up (green) and Aroon (down) moved lower. Also notice that they are parallel and relatively close together. This affirms the consolidation in LMT. The first indicator to move above 50 will trigger the next signal. You can read more on Aroon in our ChartSchool article.

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