Wednesday, January 18, 2017 2:40:04 PM
After recently breaking out (I caught that trade perfectly), Chipotle Mexican Grill, Inc. (NYSE:CMG) has slowly pulled back to what we call the 'scene of the crime'. The 'scene of the crime' is a retrace back to the breakout level. Think of it as a digestion of the breakout. Once the move been digested, the stock can surge dramatically higher again. This is exactly what has played out on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG). It broke out above a major resistance trend line, retraced back to the breakout line, and is now starting its move to the upside. The big difference this time? It should surge dramatically higher to $550.00 as a target. That is a huge upside move.
Gareth Soloway
InTheMoneyStocks
Recent CMG News
- CHIPOTLE REINTRODUCES ONE OF ITS MOST POPULAR MENU INNOVATIONS • PR Newswire (US) • 03/12/2024 12:07:00 PM
- CHIPOTLE MEXICAN GRILL TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON APRIL 24, 2024 • PR Newswire (US) • 03/05/2024 09:10:00 PM
- CHIPOTLE DOUBLES ITS COMMITMENT TO THE CULTIVATE NEXT VENTURE FUND TO $100 MILLION, MARKING ITS TWO-YEAR ANNIVERSARY • PR Newswire (US) • 02/28/2024 01:02:00 PM
- CHIPOTLE CELEBRATES FEBRUARY'S EXTRA DAY WITH FREE GUAC • PR Newswire (US) • 02/21/2024 01:07:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:12:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:11:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:10:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:08:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:07:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:05:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:04:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 11:29:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/13/2024 09:42:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:18:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:16:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:14:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:12:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:11:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:09:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:07:23 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 10:58:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:31:21 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 09:09:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 05:53:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/08/2024 09:34:03 PM
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