Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

CMG - Chipotle Mexican Grill Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

Tags:
  1. fidelgeorge

    fidelgeorge Well-Known Member

    Joined:
    Apr 15, 2016
    Messages:
    970
    Likes Received:
    393
    CMG surged back above $400 as it appears the worst is finally over. CMG is a buy below $350 over the next three months if we see another dip.
     
    Jack Levy likes this.
  2. LloydWCoutee

    LloydWCoutee Active Member

    Joined:
    May 4, 2016
    Messages:
    724
    Likes Received:
    58
    $CMG Big drop after earning initially, but solid accumulation since then, started some
    [​IMG]
     
  3. heyimsnuffles

    heyimsnuffles Active Member

    Joined:
    Nov 22, 2016
    Messages:
    467
    Likes Received:
    83
    This is VERY BULLISH price action for a stock.

    Was my trade of the week here

    CMG - Chipotle Mexican Grill - TOTW - 02.12.17 - http://eepurl.com/cBHtBL
     
  4. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,046
    Likes Received:
    2,083
    Looks to have started the breakout from when I posted this

    upload_2017-2-22_8-0-23.png
     
  5. heyimsnuffles

    heyimsnuffles Active Member

    Joined:
    Nov 22, 2016
    Messages:
    467
    Likes Received:
    83
    Likely bottomed. Agree
     
  6. fidelgeorge

    fidelgeorge Well-Known Member

    Joined:
    Apr 15, 2016
    Messages:
    970
    Likes Received:
    393
    CMG surged back above $400 as it appears the worst is finally over. CMG is a buy below $350 over the next three months if we see another dip.
     
    Jack Levy likes this.
  7. Wolfy

    Wolfy Active Member

    Joined:
    Apr 6, 2016
    Messages:
    271
    Likes Received:
    61
    CMG's option price is extremely unfriendly to bet for breakout.

    I think the best way to play it is to sell put
     
  8. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

    Joined:
    Apr 26, 2016
    Messages:
    1,681
    Likes Received:
    2,053
    I don't understand the logic of waiting for a price below $350. If it goes under 350, it is probably gone, gone to $96 based on a $8-box by 3-box-reversal PnF count, as the trading range will have been proven a distribution range. Contrarily, the cumulative wave volumes have been trending lower indicating a shrinking supply of stock on the market; accumulation by strong hands, and now it is retracing on even lower volume so far. The PnF upside potential is $712 which would be a near test of the all-time highs.

    Weekly bars (last bar only includes Monday's close)
    upload_2017-3-6_23-6-35.png
     
    #108 Onepoint272, Mar 7, 2017
    Last edited: Mar 7, 2017
  9. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

    Joined:
    Apr 26, 2016
    Messages:
    1,681
    Likes Received:
    2,053
    Price objectives for this trading range so far.
    $8-box by 3-box-reversal Point & Figure Chart:
    upload_2017-3-7_2-6-19.png
     
  10. LloydWCoutee

    LloydWCoutee Active Member

    Joined:
    May 4, 2016
    Messages:
    724
    Likes Received:
    58
    Looks like Ackman plans on selling $CMG...would say that's bullish for this pile
     
  11. fidelgeorge

    fidelgeorge Well-Known Member

    Joined:
    Apr 15, 2016
    Messages:
    970
    Likes Received:
    393
    CMG is seeing a pullback down near $410. CMG is a buy below $350 over the next three months if we see another dip.
     
    Jack Levy likes this.
  12. LloydWCoutee

    LloydWCoutee Active Member

    Joined:
    May 4, 2016
    Messages:
    724
    Likes Received:
    58
    $CMG very odd trading today when the market should've punished Chipotle
     
  13. Gambit

    Gambit Active Member

    Joined:
    Oct 16, 2016
    Messages:
    704
    Likes Received:
    62
    $CMG overshot the double top go figure right into the next area of resistance pulling back. imo
    [​IMG]
     
  14. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

    Joined:
    Apr 26, 2016
    Messages:
    1,681
    Likes Received:
    2,053
    You were right, it wasn't able to close above that Feb 3rd supply bar. It held it all day but then gave it up in the last 15 minutes of trading.

    Daily:
    upload_2017-3-30_4-4-50.png
     
  15. fidelgeorge

    fidelgeorge Well-Known Member

    Joined:
    Apr 15, 2016
    Messages:
    970
    Likes Received:
    393
    $CMG exploded back above $440. CMG is a buy below $350 over the next three months if we see another dip.
     
    Jack Levy and Charles Noble like this.
  16. fidelgeorge

    fidelgeorge Well-Known Member

    Joined:
    Apr 15, 2016
    Messages:
    970
    Likes Received:
    393
    CMG exploded back above $450 this week. CMG is a buy below $350 over the next three months if we see another dip.
     
    Jack Levy and Charles Noble like this.
  17. Charles Noble

    Charles Noble Well-Known Member

    Joined:
    Jun 6, 2017
    Messages:
    203
    Likes Received:
    277
    I think you're getting an early look at a head and shoulders here. Decent buy here at double bottom, but sell at 435
     
    fidelgeorge and Jack Levy like this.
  18. LloydWCoutee

    LloydWCoutee Active Member

    Joined:
    May 4, 2016
    Messages:
    724
    Likes Received:
    58
    Break 401, then 408 and 411
     
  19. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,003
    Likes Received:
    2,023
    The last few dips below $400 have been good buys.

    Ill be patient for the next salmonella scare!
     
  20. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,046
    Likes Received:
    2,083
    Damn, this is down over 20% since mid-May. I don't remember any reason for the bad news off the top of my head?
     

Share This Page