Selling CMG because of rangeThis is a great example of a chart that I would choose to sell an option rather than buy an option. Looking at the historical pattern of this stock, it is sitting in a nice range, so I will look for premium above 490 to sell. Stocks with higher implied volatility paired with weekly options make a great pair to sell options! Read why at www.shecantrade.com
0HXW trade ideas
Cross ResistanceLook at the chart, please.
I am sorry for the short comment. However it became very unconvenient to post text without seeing the chart now.
If you dislike this new "feature" of the big idea-window as well, please report it as a bug as I did. Perhaps they will listen to us if some more people disagree.
Chipotle Mexican Grill beats by $0.33, beats on revenueRevenue increased 28.1% to $1.07 billion
Comparable restaurant sales increased 17.8% (including 0.6% from recognized revenue previously deferred related to Chiptopia)
Restaurant level operating margin increased to 17.7% from 6.8%
Net income was $46.1 million, improved from a net loss of $26.4 million
Diluted earnings per share was $1.60, improved from a diluted net loss per share of $0.88
Opened 57 new restaurants
CMG Expectation of Reversion to Mean after Earnings DisappointmeI think CMG has accumulated way too much hype and expectation in the recent run-up, which has caused the stock to rise above a flagging technical indicator. I expect that Earnings coming out Tuesday after market close will either disappoint or will fail to sustain the bull run any further, and that CMG will "revert back to the mean" by forming a significant down-leg returning it to the steady-state zig-zag pattern of matching up-and-down trends.
$CMG Buy Alert Triggered @ $425 area https://goo.gl/CC6Brz$CMG has the earmarking of a full-fledged bottom. Chipotle has been in buy mode for a while now. The BotTrigger-Trend signal officiated a buy alert on Chipotle a while back in the $425 area. This is the first buy signal on the weekly time frame since the sell alert that forewarned that the stock was in trouble back in the $700 area of October 2015. The inverse is now happening. CMG is very much in buy-mode