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SilverEagle
May 13, 2020 11:39 AM

Short CMG Short

Chipotle Mexican Grill, Inc.NYSE

Description



Rejected off upper 2SD Bollinger Band and all time high to close yesterday with hanging man formation at pre-pandemic price. Daily RSI coming off overbought and MACD crossing. P/E ratio above 78. Risk/reward certainly favors the downside, retreating into the volume value area.
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