Chipotle Mexican Grill, Inc.

Short

Updated

CMG will drop big time!

CMG is trending higher for a while now. Target of bulls achieved around the current range of $700-$720. I can't exactly tell when it will drop but this is the area we should be looking for a short opportunity, imho. Looking for a low target of $510-$490.

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$50 drop

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nice dip to $660, expecting more downside moves

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$641. Still has more room to drop

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.