about to shoot higher? $CMGnice little support at these levels, stock way oversold and my custom MACD is about to cross signal line. this could signal a nice entryby Vincent121Published 0
CMG - Chipotle punishment ongoingChipotle still heavily subject to E.Coli cases. Many comments on various sites indicate that restaurants are significantly less frequented. Some are even empty with 4 people instead of a full room... Situation should not be clearer until earning report at the beginning of February, most analysts expect a sharp results drop. Expect the stock crash to continue in the next few weeks until intermediate levels are hit. Level 400 was reached in second half of 2013 where the stock consolidated during a few weeks before rising up, this could form the first support. Pivot (~495) was broken in a straight free fall. Shortby albert.callistoUpdated 0
Don't touch CMG until it tests 472Sentiment is awful, there's no earnings info for another month, and the chart looks disastrous. Appears like a perfect set-up for a contrarian trade. We're watching Jun 600 calls, but we're not touching them until the stock tests the 470-472 level. With IV at a new 52 week high today, the calls are just too expensive and there's still room for another ~$20 lower in the charts.by simonsays452Updated 0
Chipotle nearing double support @ $440CMG has support from 2012 highs around $440. The 0.618 retracement is also right at that same level. I will try a buy limit order at $440, with a stop loss at $420.Longby tristan.rhodesPublished 1
CMG - Gonna get worse* Strong downtrend continues * Expect this one to continue to sell into earnings that are getting slice further * Use pauses (such as at the 560 level in early Dec) as short entry pointsShortby zendaddyPublished 0
CMG MIGHT RETEST AND POTENTIALLY UP TO 607.55 Retest and bounce off 480.85 and trends up to lower high 551. if breaks with bullish candle, volume and momo may go to 607.55. On the other side, it might rest due to RSI and continue to trend down till 480.85 before bounce up. Any suggestion? :)Longby happy04tPublished 1
Bullish One White Soldier Usually this bullish pattern appears in downtrend of which the price clearly has been last few weeks. However, this may finally give bulls the chance they needed to believe the worst is behind but don't get trapped in a complete smugness here which could be a short covering rally. If markets remain uptick and close the year strong so will this stock recovery towards $614 area but down the road the chance we will see below $500 remains very strong. Our long position has given us 7.16% gain in a few sessions and good to take profit right at and around $580 or monitor closely. Real-time alerts go www.2waytrading.comby XafadaPublished 0
$CMG Do or die momentSince last earnings it hasn't been able to overcome the 9 and 20 day moving averages and has been shot down at the trendline every time. Moving averages are flattening a bit and with a couple more days of low volume consolidation can get it over the hump. $590-$600 would be the next logical target area above. If it loses steam and falls below $550 most likely revisits the lows.Longby deepicemanPublished 0
Funny BullsSilly bulls, this burrito fell apart before the E Coli scares. Stick with the trend until it's broken...Shortby everytimeicashPublished 0
$CMG False Downside Breakout with Upside Targets$CMG Chipotle recent retraced all of its gains from July. The stock double-bottomed and experience a false breakout to the downside. Long Target 1: $635.44 Long Target 2: $677.97 Longby ctpelotPublished 440
CMG - Short term TradeCMG - I am looking for the small triangle to break out... If the breakout fails, Take the position. Assuming you can identify a failed breakout.by UDAY_C_SanthakumarUpdated 115
$CMG: Busted Burrito$CMG broke below a long term trend line back in April and it has returned back to the trend which now acts resistance. A bearish head and shoulders pattern could also be forming. $CMG reports after the close today. Same stores growth has been decelerating and food prices were higher during the quarter. I see $CMG falling after earnings to the nearest support line at $600. Disclosure: Long put spread.Shortby Mimo2Published 331
CMG 60 Minute move higherLooking for CMG to make a push higher here. Stochastics bouncing out of oversold. Fast Stochastics as coiled and nice 60 minute candle all spell a higher move. Long via 615 calls.Longby MuskyGuyPublished 0
CMG H&S Pattern, longer term targets 490-500 rangeH&S pattern. "610" key level, breaks, we can head down to 490-500 range, 3-6 months timeframe.Shortby TraderByInstinctPublished 110
10 month consolidation outside of failed Island toptesting top of range and gap into earnings. Options pricing $8 move, would be new ATH if to the upsideby gregharmonPublished 110
CMG bear call spreadPotential Island Reversal on the daily. Strong gap. Edge is neutral by ReallifetradingPublished 3
DTS At 50DMA is Crucial level to watch tomorrowExpect a fight at 50DMA but there is a good chance we will see Jan low at and around 653.77 close below that the stock will be a short candidate with target price $595 next few weeks. Try us www.2waytrading.comby XafadaPublished 1
Strong trend meets interruptions (Some are severe) I see a possible target price next 24 months at 480 unless next earning stops the bleeding. Hard to see a new all time high for a long time to come. If you want to get real time alerts try us www.2waytrading.comShortby XafadaPublished 1
REPUBLISHING CMG SHORT SALE REC FROM 9/19/2014 @666Chipotle Mexican Grill -CMG - Daily "With Qdoba (JACK) breaking out, and CMG rolled over and under 28+ days of supply at 675-680. If you can risk a rally to 682, just over a 2% rally, then I see reasonable chances for a drop to $625 or the middle of the gap from the July jump. Tim 11:40AM EST 9/19/2014 Friday" PS - It's always interesting to see when the stock chart gives a clue as to what the news is going to be. When you get this kind of technical setup ahead of news, it may really mean that top-notch researchers are right on top of traffic at CMG locations or that the information about each store revenue is getting leaked to an analyst or hedge fund and the word gets around the street. Perhaps the weakness in CMG was also a delayed reaction to the drop in the Russell 2000 Index this year as the strong momentum name stocks have been sold off down to more acceptable position sizes. To rephrase - CMG may have been suffering from money management strategies where portfolio managers were cutting down their positions in CMG since it was doing so well relative to the market. Good stocks can suffer this way as managers are forced to sell simply because the position size is now too large a percentage of their portfolio. Because of money management rules, good stocks can be sold off, which can make them look technically like shorts, but it doesn't always last long. There are plenty of reports out on the earnings, which you can dissect. All the best, Tim by timwestPublished 2
Rising wedge, rounding top, bearish divergence (RSI/MACD) into the Gap but stores are always packedby JXMFinancialPublished 0
CMG Cup&Handle pattern, potential gap coveringChipotle Mexican Grill formed bearish pattern called Cup&Handle with lower high (reversal candle) on 6th of October. Important level of support was at $649 and was broken yesterday with conviction. Combine it with $SPX break down of 200 EMA first time since long time and that is how you get in on the right side. Risk Management: ENTRY was at $649 break. After 3 outside down days it feels a bit oversold. Maybe, wait for a bounce to fill with better price. STOP above $660 makes sence if sellers want to keep pressure and momentum. Then we have $682 reversal point. TARGET: as there is no visible support below previous support I will put my target at $609 which was resistance before gap up on earnings. Shortby andrew.bergPublished 5