Chipotle is heading out of a double bottom with a buy point at 1366.66. The volatility contraction makes for a nice tight 10d ATR (x2.7) stop of 5.86%.
Earnings and sales are starting to recover (still a ways to go). Analysts have been upgrading price targets to ~1500.
Buy Point: 1366.66
Stop Loss: 1286.57
Position Size: R17.06
In 2020, Chipotle paid a record high fine in the food industry of $25 Million to settle criminal charges because of microbial contamination in its food, yet illnessness persist. www.morningstar.com
Short at the confirmed/retested break of the massive double top neckline. Close partial shorts/profit at targets iindicated (fib retracement). Risk to new...
Chipotle is currently trading at an egregious 149 P/E! How is a restaurant, in this COVID economy, trading at such an obnoxious valuation? It’s not like this is a ZOOM or TSLA. Lol. To put this in context, MCD P/E = 36, YUM P/E = 29. Something is out of whack. Also, CMG is trading at $200+ over it’s 1 year trend line for no apparent logical reason? Good luck and...
The PEAD is projecting a neutral outlook for $CMG after it missed its earnings estimate, the price is currently trading below the lower boundary of the PEAD cone.
Broke out from a cup and handle many dollars ago
Don't you wish you were there? LOL
There is no telling how high this stock will go
She can do no wrong.
Can a stock go up and up and up?
Remains to be seen..looking like this one will
NV is still out the roof!
Not a recommendation
...but it's a little pricey. Not for everyone. Target price is $1,350.35
technicals are looking decent here imo. Let's see what happens here.
I do love this ticker
NYSE:CMG
Chipotle Mexican Grill has been a slow-and-steady gainer in 2020. It was already investing in its online model before the pandemic, and that decision paid off handsomely as the country went into lockdown mode.
CMG formed a bullish triangle in July and early August. It then broke out and surged to new all-time highs near $1,400 before rolling over with the rest of...
