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Chipotle Mexican Grill, Inc.Chipotle Mexican Grill, Inc.Chipotle Mexican Grill, Inc.

Chipotle Mexican Grill, Inc.

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CMG trade ideas

CMG playing hard to getI haven't given up on CMG but a daily close below $760.50 would mean a gap fill to $746 likely. Waiting for a close above $782 and then I think we are in for 20-30+ point run in short order with longer term view that we head to the upper end of the balance area.. 2 ways I like to play this... L common or 2 weeks out $800 calls while in the current price range of $765-$770 with stop below $757, targeting a move $790-$810+. The other way to play is wait for a solid move back into balance and either L upon that occurring or wait for a move up, then retest of the $782/$784 area for an anticipated move higher up. Look at the weekly/monthly chart too, to see we broken out and retesting the breakout area.
NYSE:CMGLong
by cghursh
Start 7: CMG 770-760 Debit Put, Morning Star play(1) Low volume gap up Open, Initial trend down, Rising Vix (2) Tuesday $20 move down, looking to repeat today or tomorrow. (3) Consolidating at low of day as of the past 3 hours (4) Break of Short term uptrend with consolidation (5) 780 was a critical level, 1 HR wicks rejecting move above 780 (6) Drop may happen at break of 1HR 14MA(New Addition to help confirm my strat) PT 760: calculated with ATR and prev drop range. 1.86 /c 9.30 PT 1:5 RR
NYSE:CMGShort
by hshum2018
CMG Update (Important)CMG stock took a bad turn with its last-minute reversal, which unfortunately went below the critical level of 842 it took the edge off the bullish sentiment. It's now difficult to say if it'll break out above, as it missed the previous high of September 9th. The Heikin Ashi candle on the 'weekly' is still bullish and so are many other indicators, so I would personally rate this neutral into Earnings. Get out before close, or balance your trade.
NYSE:CMG
by UnknownUnicorn5323213
CMG Pre-Earnings UpdateCMG broke out above it's 'diamond' formation, labeling it officially a diamond continuance (and not a reversal ). 9 out of 10 indicators confirm the stock to be bullish towards 900 post earnings, 950'ish by end of this month, and the 1000 mark can be broken by the end of this year. I did use some old-school tricks to get higher precision trend-lines, so I've adjusted those accordingly. Simply great technicals throughout, no major hick-ups or mentionable signs of weakness. Incredible to see this stock continuing its incredible streak, which is rather rare to find nowadays. Will update one more time next week before ER due on Tuesday AMC.
NYSE:CMGLong
by UnknownUnicorn5323213
10/21/2019 - $CMG - Potential Spread Play Tomorrow$CMG is another good candidate for a spread play going into earnings tomorrow. At the moment, it is hitting mid-term resistance around $852 - 857, with potential wiggle room to the upside going north of $900. The downside potential; however, is far greater ranging from $807 to $779. Will reassess this tomorrow depending on the IV and Theta for a spread play. NOTE: In this type of setup, i would normally be long given the ascending triangle and the bullish trend - but i wouldn't jump to conclusions too fast too soon, esp. during earnings. s3.amazonaws.com
NYSE:CMG
by emcee08292016
$CMG Chipotle Mexican Grill Bullish pre earnings. CMG remains one of the most popular at the moment among investors and Analysts. Currently in consolidation a break above $845 could lead to 10% gains in the short term, earnings are on the horizon, so any disappointment could bring significant downside. P/E ratio 95, High but seems to be forgiven, potential growth prospects are held in higher regards. Company profile Chipotle Mexican Grill, Inc. engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the U.S. It offers focused menu of burritos, tacos, burrito bowls and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
NYSE:CMGLong
by RedHotStocks
Diamond BreakoutHere's a rather rare find. There's another spot for a 'weekly' candle within the diamond, and on the next one we should know for certain in which direction it'll go. Diamonds tend to 'reverse' more often than they do an upward 'continuance'. In CMG's case the candles reach higher at the top but close lower, thereby suggesting a downward bias. In addition, the main (middle) candle, also called "stem" is negative, which also has a bearish bias. Last but not least, the 'weekly' PSAR break makes this even worse. Diamonds always breakout with high volume, which makes this ideal for options trading either way. This is likely to drop towards 720-730 on earnings release. Watch how the next CMG charts will copy this ;) Cheers
NYSE:CMG
by UnknownUnicorn5323213