BATS:CMG   CHIPOTLE MEXICAN GRILL INC
908 14 4
CMG             has broken below a key level of technical support at 421 where it had spend more than two weeks building a base. The support level broke on heavy volume and this selling zone has been retested on a light volume advance and is close to failing as of this analysis (failure is defined if CMG             breaks under a previous day's low). You can see how low CMG             would have to go to see another level where it had traded for 13 days. Target 400. Stop loss: 425.

This is a technical-only analysis, but CMG's market cap is a large $13 billion and their earnings are a small $230 million (rounding off). With sales only $2.4 billion, CMG             is a whopping 5.8 times trailing revenues. Would you buy the whole company with $13 billion of your cash laying around so you can "earn" less than 2% on your money in a restaurant business? Obviously they have leverage to grow the company and have done so very successfully to date.

Cheers. By: Technical Tim, 3:00PM EST Monday, April             30, 2012
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Agreed.
Reply
Followed.
Reply
Agreed.
Reply
CMG is about to make its first downside target...
Reply
Tim, could you please provide your opinion/post an update on CMG at this moment? Do you agree with long term shorting opportunities published by nmike ?

snapshot
Reply
Followed.
Reply
Followed.
Reply
Agreed.
Reply
The path veered a bit by not dropping to 400 first, but did go up to the area that I thought it needed to rally to. Also, CMG didn't hit the stop and is now nicely profitable. Hope you all are doing well too.
Reply
Thank you Tim
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out