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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 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
CMG Nested WedgiesI keep telling people not to short this PoS bubble stock along with any of the restaurant bubble stocks because there's no indication of when it will finally break. Typically it's on earnings, right? Restaurant stocks barely dip even when the market is selling off, look at McD. Some other poster suggested a wedgie, another suggested earnings. Looks like CMG has a pair of nested wedgies (a double wedgie!), so it might dip a little here, but don't expect it to tank until earnings. Note: Stocks can actually break upwards out of a wedgie, TXN and oil did, if you look up some of my old posts. In any case, the formation lines up with earnings, expect a big movement up or down. I'm not touching this stock, just like I wouldn't touch their food. Chitpotle gives me the chits, (Serious.) Also, slow STO chart (not shown) has the funniest pattern I've seen.
NYSE:CMG
by hungry_hippo
3
May finally be time to get short CMGCMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound however, I really do think this is only the 3rd wave up, and expect to see a 5th Wave extension, in this case quite possibly taking CMG all the way up to what some would say is the astronomical price range of low 1300's. Rough sketch of candle path on chart. In any event, I am looking for CMG to run out of gas very near current price area, and will be initiating a short position very soon, most likely before the end of next week. Stochastic has also been coiling very smoothly near its top range, and I look for a breakout to the downside to very nearly coincide with stock price decline. Happy hunting, and GLTA!!
NYSE:CMGShort
by UnknownUnicorn1314136
3