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.
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
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.
CMG's option price is extremely unfriendly to bet for breakout. I think the best way to play it is to sell put
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)
CMG is seeing a pullback down near $410. CMG is a buy below $350 over the next three months if we see another dip.
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:
$CMG exploded back above $440. CMG is a buy below $350 over the next three months if we see another dip.
CMG exploded back above $450 this week. CMG is a buy below $350 over the next three months if we see another dip.
I think you're getting an early look at a head and shoulders here. Decent buy here at double bottom, but sell at 435
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?
