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 CELEBRATES NHS WORKERS WITH A BUY-ONE-GET-ONE-FREE OFFER ON INTERNATIONAL NURSES DAY • PR Newswire (US) • 05/08/2024 07:03:00 AM
- CHIPOTLE SERVES UP MORE THAN $1 MILLION IN FREE BURRITOS TO THE HEALTHCARE COMMUNITY • PR Newswire (US) • 05/01/2024 12:06:00 PM
- Anglo American Rejects BHP Group’s Offer, Toyota Invests $1.4 Billion in Indiana, and More News • IH Market News • 04/26/2024 11:48:07 AM
- Southwest Shares Tumble 9.6% Post $231 Million 1Q Loss, AstraZeneca Surges on 19% Annual Increase, and More on Earnings • IH Market News • 04/25/2024 11:52:46 AM
- CHIPOTLE ANNOUNCES FIRST QUARTER 2024 RESULTS • PR Newswire (US) • 04/24/2024 08:10:00 PM
- U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading • IH Market News • 04/24/2024 11:31:20 AM
- CHIPOTLE INTRODUCES ITS REAL INGREDIENTS TO KUWAIT • PR Newswire (US) • 04/22/2024 12:04:00 PM
- CHIPOTLE'S HOCKEY JERSEY BOGO OFFER RETURNS IN THE U.S. AND CANADA FOR THE 2024 STANLEY CUP® PLAYOFFS • PR Newswire (US) • 04/17/2024 12:08:00 PM
- CHIPOTLE'S HOCKEY JERSEY BOGO OFFER RETURNS IN THE U.S. AND CANADA FOR THE 2024 STANLEY CUP® PLAYOFFS • PR Newswire (Canada) • 04/17/2024 12:08:00 PM
- CHIPOTLE BURRITOS GO GREEN IN AUGUSTA, GA TO KICK-OFF GOLF'S BIGGEST TOURNAMENT • PR Newswire (US) • 04/10/2024 01:28:00 PM
- CHIPOTLE KICKS OFF PARTNERSHIP WITH TEKKEN™ 8, RETURNS WITH NEW EXCLUSIVE EXPERIENCES FOR THE FIGHTING GAME COMMUNITY (FGC) • PR Newswire (US) • 04/08/2024 12:06:00 PM
- CHIPOTLE HIDES MORE THAN $1 MILLION IN FREE BURRITOS INSIDE NEW BURRITO VAULT GAME AHEAD OF NATIONAL BURRITO DAY • PR Newswire (US) • 04/02/2024 12:07:00 PM
- Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates • IH Market News • 03/21/2024 11:17:26 AM
- JPMorgan boosts dividends, Chipotle unveils 50:1 stock split, and Latest News • IH Market News • 03/20/2024 11:15:48 AM
- CHIPOTLE BOARD OF DIRECTORS APPROVES 50-FOR-1 STOCK SPLIT • PR Newswire (US) • 03/19/2024 09:45:00 PM
- 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
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM