JustOffTopic

CMG. Diamond burritos!

Long
NYSE:CMG   Chipotle Mexican Grill, Inc
Looking at the daily chart , this seems to me to be a HUGE bull flag . Given that, and the fact that their float size is very small (roughly 27.64 million shares available to the public) as well as a very small open short interest on that float (roughly 2.78%, about 768 thousand shares), this thing can very well break out, and breakout out HARD. I'm publishing this on 07/29/2021, and the share price is currently $1830, I expect this to be at or around the $1950-$2000 area within the next week or so. Keep in mind, this monster hit lows of $415 a share during the corona virus breakout in March 2020, and since then, has seen a 400% return! They know how to operate as a business, and there's no telling what this can reach in the near future, but this for sure seems like something you want to have in your portfolio!

Comments

This stock is like buying bitcoin at 1.8k a share. Easy gains
+1 Reply