A day after an earnings beat, Chipotle decides to veer off course. It falls right out of the channel its been creating since November of last year. With a pretty good earnings report and projected first quarter of 2020, there is definitely room to grow. Strong revenue, more locations, and changes in their menu will keep this stock flying in 2020. It's just a matter of how high.
Order cancelled
Did not enter any trade even though it did return back into the channel. Thank goodness because of the sudden drop from the market.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.