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Chipotle Mexican Grill, Inc.
Long

CMG - Chipotle Clearing a Base

By gorillacharts
Updated
CMG is back after finding a very good floor at 385. Stock is clearing a base and also taking out the 50day moving average. Upside into 444 seen.
Comment
CMG testing the 100day moving average. Efforts in March, May and July have failed at the 100day moving average. The last close above it dates back to October 2015. Hence a close above $422.50 would be another positive, adding to the overall reversal case.
Bullish PatternschipotleCMGIDEAlongideamexicangrillswingtrade

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