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drewby4321

Chipotle completing a double bottom with volatility contraction

Chipotle Mexican Grill, Inc. (NYSE:CMG)  
drewby4321  
NYSE:CMG   Chipotle Mexican Grill, Inc.
Support and Resistance tacosplease
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supportandresistance tacosplease
Chipotle is heading out of a double bottom with a buy point at 1366.66. The volatility contraction makes for a nice tight 10d ATR (x2.7) stop of 5.86%.

Earnings and sales are starting to recover (still a ways to go). Analysts have been upgrading price targets to ~1500.

Buy Point: 1366.66
Stop Loss: 1286.57
Position Size: R17.06
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