CHMG trade ideas
Chipotle Mexican Grill beats by $0.33, beats on revenueRevenue increased 28.1% to $1.07 billion
Comparable restaurant sales increased 17.8% (including 0.6% from recognized revenue previously deferred related to Chiptopia)
Restaurant level operating margin increased to 17.7% from 6.8%
Net income was $46.1 million, improved from a net loss of $26.4 million
Diluted earnings per share was $1.60, improved from a diluted net loss per share of $0.88
Opened 57 new restaurants
CMG breakout comingChipotle has been beat up a long time getting momentum and looks to be ready to breakout watch for volume support the move and could be a nice longer term play back up to the 500s
CMG Expectation of Reversion to Mean after Earnings DisappointmeI think CMG has accumulated way too much hype and expectation in the recent run-up, which has caused the stock to rise above a flagging technical indicator. I expect that Earnings coming out Tuesday after market close will either disappoint or will fail to sustain the bull run any further, and that CMG will "revert back to the mean" by forming a significant down-leg returning it to the steady-state zig-zag pattern of matching up-and-down trends.
$CMG Buy Alert Triggered @ $425 area https://goo.gl/CC6Brz$CMG has the earmarking of a full-fledged bottom. Chipotle has been in buy mode for a while now. The BotTrigger-Trend signal officiated a buy alert on Chipotle a while back in the $425 area. This is the first buy signal on the weekly time frame since the sell alert that forewarned that the stock was in trouble back in the $700 area of October 2015. The inverse is now happening. CMG is very much in buy-mode
Chipotle Mar17Eyeing up potential short risking the chinese triple of death, 444.
Conflicts with long CMG/NDLS trade below
Chipotle Mexican Grill, Inc. (NYSE:CMG) has rallied back up intoChipotle Mexican Grill, Inc. (NYSE:CMG) has rallied back up into a resistance level which has kept the stock from breaking higher for since July 2016. Shares of Chipotle have hit this resistance trend line five previous times. Pro traders and investors are watching closely to see if this is the time it breaks out. If it does, there is huge upside to $500. Note the stock chart below for a visual.
CMG mean reversion6 trades, 3 long and 3 short. SPX is benchmark, returned 8% over same time frame. trades returned 39%
$CMG Super burrito turnaroundNeed to see some conviction here. Barring any more e.coli Chipolte is looking good for a reversal breakout
Doubling position on CMG, Flat TOP, Confirmation abobe 200 MADoubling position on CMG, Flat TOP, Confirmation abobe 200 MA
CMG : Breakout down channel, confirmation above 200 MAIn half position, waiting for further confirmation to add on
Buy CMG between $395 and $390 for short-term bounce.Buy CMG between $395 and $390 for short-term bounce for target price of $430.
