$cmg Looks good but.....The chart shows that $CMG is breaking out but i think it will be a false one especially after ER today. I think they have not been doing well during this pandemic and it will come to light AH today.
CMG trade ideas
Stock alerts set and stats using our strategy tester ....6 stocks highlighted on our standard settings for our members to trade from.
Some great gains from the strategy across the 6 pairs as shown in the video.
Regards
Darren
CMG Looking for the tech bounceBeen watching and waiting to see if it will do the move like the tech stocks, seems to behave like them frequently
CMG - trade setupI like this break and the support of the 100MA for the hourly as a target to get out.
1H CMG LongChipotle has broken out of a bull flag and is now retesting. I'd like to ladder some longs starting at $1130 all the way down to $1118. Stop loss just a bit under recent low around $1099. Price target $1200
CMGCMG
I WOULD GO LONG OVER 1132
TRADE IDEA: 1150C
SPREADS ARE WIDE. SO IT'S KINDA DIFFICULT TO TRADE OPTIONS ON THIS ONE.
Medium term investment-Buy Chipotle once it trades above 1090Idea is We need to buy this ticker once it starts trading above 1090 on daily basis.
Targets are 1250-1350
Long term target is 1650 ++
Stoploss will 930 on closing basis
C&H Past Breakout Not a whole lot to say about this one!
The market loves this stock and it Appears the sky is the limit..but I learned a long time ago, things are not always as they appear!
Earnings are 7-22 and there is always a chance they will miss There is also the chance the market will not even care if they miss and it will go up anyway
Too many variables for me..worth watching in utter amazement though!
CMG more to go?After the breakout, seems like it should go another leg up before consolidating, maybe not
Chipotle Mexican Drill $CMG "Breakout"$CMG is launching a new breakout. The volume was above the average yesterday. There might be a pull back to test $1087 before it continues to rise
12 months Consensus Price Target: $898,19
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CMG Double TopCMG double topped today, usually does a 2 day drop so bought some puts today for a one day play.
Cashing out at EOD on Monday regardless of what happens
CMG FlagCMG has had massive uptrend and has now been in consolidation forming a flagging pattern. With a break above 1060, this can run up to 1120 or higher. Its also a great CoVID stock play. It has its moving averages beneath acting as support to help push this higher.
Bollinger Band Snaps (BBS)Bollinger Band Snaps (BBS)
Timing of options trades are elusive, especially during dynamic price trends. There is one technique, however, that reliably and consistently allows you to time trades. The Bollinger Band Snap (BBS) signal occurs at very precise moments during a bullish or bearish trend, and vastly improves timing of both entry and exit.
The chart of Chipotle (CMG ) is highlighted with three examples. The first occurred in late February, when price moved below the lower Bollinger band for two sessions. The move then “snapped” back into range, which is predictable. Price rarely remains outside of the Bollinger Band range for long.
The second event occurred in mid-March, when price moved below the lower Bollinger band. In this case, the expected retracement (snap) happened the next market day.
The final incident was the longest of the three, from mid-May into end May. Price traded above the upper band for six consecutive sessions before snapping back into range.
The signal is reliable because a retracement back into the Bollinger Band’s two-standard deviation range is inevitable. It can take a longer or shorter period, but it eventually occurs. The signal provides both an entry flag (when price moves outside of the band) and an exit flag (when it moves back into range).
Trading this signal is also apparent at the time it begins to develop. A move outside of the Bollinger trading range generally is going to snap back within a few sessions in each instance. In the February case, price was approximately $755 per share. With the expectation of a snap back into range, a bull credit spread could be opened with puts. Buying one 735 put and selling a 740 put would have set up a small credit. Using the weekly expirations ensures rapid time value decay.
In the second example, price was approximately $465 per share. A call could be opened using 4 – 6 weeks to expiration and opening an at-the-money strike.
The credit spread strategy could also be applied in mid-May when price began advancing above Bollinger’s upper band at $998 per share. Buying one 1030 call and selling a 1025 call for a credit.
In all of these instances, the entry point is easy to identify. It is seen where price moves outside of the two standard deviation range marked by the upper and lower bands. The exit point then occurs when price snaps back into range.
CMG - Long-Term HoldWe got into NYSE:CMG yesterday before the big swing up.
Our gains have gone down today but we're still bullish over the next few weeks as a lot of signs we're in a bullish trend.
Good volume on buy days makes us confident it's sustainable.
We'll look to take profits around 1100-1150.
Has Chipotle Mexican Found Four-Figure Support?Chipotle Mexican Grill joined the 4-digit club a month ago, riding positive momentum from its strong results on April 21.
Since then it’s squeezed into a very tight range as the economy reopens. Once or twice, prices tested and held that important $1,000 level, which suggests it’s building support up at these new highs.
CMG took a stab lower on Friday, below its lows from May 27-29, only to snap right back. That now looks like a failed breakdown from the range.
The restaurant chain has been one of the best-performing consumer discretionary stocks this year thanks to a strong grip on its core market of younger, smart-phone wielding diners. If CMG was able to thrive when coronavirus hammered the economy, what happens as social lockdowns end?
This stock resembles Amazon.com yesterday: short-term overbought following a breakout. Their high and tight patterns are consistent with strong underlying fundamentals. (See narrowing Bollinger Band width.) Traders may now look for it to move higher as the price action expands. Friday’s low of $964.50 can also serve as a potential risk-management area.
Short Chipotle FundamentalsBurrito bowls do not justify 88x earnings multiples, idc if they increased margins. compare to McDonalds the ultimate recession proof, CMG way overvalued.
Quick look at CMGGood upward run, considering near the top and lower than average volume could signal the end of this upward wave. Straddle option could be a good choice here, or Short and set tight stop lost.
CMG Short: Guac is extraI wouldn't be a trader if I didn't attempt a short here. Starting to look for shorts on stonk market, not going ape shit though. Eyeing $750 by end of July for CMG.
