Chipotle Mexican Grill, Inc. (CMG) Epic Trend Line To Watch

Short

Chipotle Mexican Grill, Inc. (NYSE:CMG)

NYSE:CMG Chipotle Mexican Grill, Inc.

Chipotle Mexican Grill, Inc. (NYSE:CMG) has recently run into an epic trend line that signals a longer term top in the stock. This trend line stretches back to 2007, 2012 and now 2013. Each time this level has been reached, the stock has pull back significantly. A pull back over the next 6 months could yield an easy target of $450.00.

Gareth Soloway
Chief Market Strategist

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