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.
Additionally, they are cutting back on the amount of avocado they put in the burritos try to seek high margins. But you can only cut back so much before people notice. I have been charting the avocado for some time but it hasn't confirmed yet. Though I'm hoping for a doji or a topping tail.