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.
Chief Market Strategist