Wednesday, June 21, 2017 11:57:59 AM
Yesterday, leading fast food restaurant stock Chipotle Mexican Grill, Inc. (NYSE:CMG) sold off after announcing Q2 guidance. Despite the stock price falling sharply lower on yesterday's news the stock actually peaked out on May 16, 2017 at $499.00 a share. Today, CMG stock trades at $416.00 a share. Many traders are now wondering if the stock is cheap, but unfortunately it should trade lower according to the charts.
Traders and investors should note that the stock was defended in March 2017 at around the $394.00 level. This should be the next major support area for CMG stock when it is retested. At this stage of the game the stock should have the selling momentum to test that key support level.
Nicholas Santiago
InTheMoneyStocks
Recent CMG News
- 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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:04:16 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM