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Riceinator
Oct 9, 2019 10:29 PM

CMG Short Short

Chipotle Mexican Grill, Inc.NYSE

Description

Chipotle seems to be a little overbought right now. First off, there is a large amount of volume, but the candlestick is small, meaning that bears are mounting on the pressure to short Chipotle. The stochastic oscillator also indicates that Chipotle is overbought, and there might be a correction soon. RSI also indicates overbought levels.
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