InvestorsHub Logo
Followers 45
Posts 1637
Boards Moderated 1
Alias Born 10/13/2009

Re: None

Wednesday, 01/18/2017 2:40:04 PM

Wednesday, January 18, 2017 2:40:04 PM

Post# of 1644
Bullish Retrace Complete: Here Is The Chipotle Mexican Grill (CMG) Profit Target

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
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CMG News