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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

Taking a shot at the Big Dog ChipotleI have been wanting to short Chipotle for a while now but It has been in this topping pattern for a while and so I never took a position. I wanted to throw out some ideas here. So the PE ratio of Chipotle is 50... I know no one is really using PE to judge companies anymore, but 50 feels very high to me. The old rule of thumb is that a company with a PE of 50 should be expected to grow to 10x its current size within the next 10 years. This is why such inflated PE has been used for Tech stocks that can exponentially grow a platform and users. Chipotle has a tough competition and it does not seem to be as unique as back when its only competition was Subway. The first mover advantage of Chipotle has faded and its uniqueness has started to be questioned. Honestly from a social perspective Chipotle is almost at the point where it could be called the Panda Express of Mexican food. This feels like a "Blow-off" top that benefited heavily from the Chipotle App during Covid (Being able to pick up your food by ordering online was a huge boost and great idea) But the app and curbside pickup is now a mainstay of many restaurant chains. I also look at what the insiders are doing, the CEO is selling stock and the Chief Restaurant Officer has been selling. The majority of insiders (90%) are bearish. I love taking shots at the big dogs that go unquestioned, so I am taking one at Chipotle. I say the price is going to 800s within the next 2 years. Yup Chipotle will lose 30-50% of its value in 2 years. Watch for a break of the white line around 1400, as soon as that support acts as resistance and we fail to break back up that would be where I enter my position. Just my humble opinion.
NYSE:CMGShort
by MikeSpy
CMG Weekly H&S Forming Into +GEX Level - weekly is forming right shoulder in distribution cycle right at 1600 psych + positive gamma level - consistent with /ES local top of 4060 (or 4200 on impulse wave) - invalidated if break above 1630s - high risk counter trend trade against current market conditions & positive gamma ratios - BTO Feb 1400p @ 10.85 - IV on puts is cheap + upcoming ER should elevate Feb premiums - gamma conditions for this week and next week's expiry outlined below Ticker: NYSE:CMG Exp. Dates. Greater Than: 2023-01-27 Total_OI:= 39443.00 COTMC:= 1694.77 CITMP:= 1634.34 COI:= 1600.00 plus_GEX:= 1600.00 Spot_Price:= 1596.86 COTMP:= 1571.13 Pos_Trans:= 1535.00 ZeroGEX:= 1505.00 CITMC:= 1493.08 SMA50:= 1488.47 EMA21:= 1487.95 Neg_Trans:= 1440.00 POI:= 1400.00 minus_GEX:= 1400.00 GEX_Ratio:= 1.63 Ticker: NYSE:CMG Exp. Dates. Greater Than: 2023-02-03 Total_OI:= 35202.00 COTMC:= 1694.77 CITMP:= 1634.34 COI:= 1600.00 plus_GEX:= 1600.00 Spot_Price:= 1596.86 Pos_Trans:= 1575.00 COTMP:= 1571.13 ZeroGEX:= 1505.00 CITMC:= 1493.08 SMA50:= 1488.47 EMA21:= 1487.95 Neg_Trans:= 1440.00 POI:= 1400.00 minus_GEX:= 1400.00 GEX_Ratio:= 1.49
NYSE:CMGShort
by soulunveiled
Bullish for earnings report beatRsi strength crossing above 50, adx shows the previous downtrend weakening changing trends, dmi staying to form bullish, staying above the moving averages looks bullish, if it had broke below just before earnings I would have a bearish outlook, it looks as if the majority of Chipotle investors are going long into earnings, my research shows they are highly expected to beat expectations which should have bullish sentiment for the stock and send it higher. All 13 out of 13 analysts gave it a strong buy on Monday according to zachs which ranks it as a #1 strong buy and earnings beat also.
NYSE:CMGLong
by Sawyer170