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AdamParmer

CMG showing power from Pennant

Long
Chipotle Mexican Grill, Inc. (NYSE:CMG)  
AdamParmer  
NYSE:CMG   Chipotle Mexican Grill, Inc.
Pennant Fibonacci Fibonacci Retracement CMG
1
0
pennant fibonacci fibonacciretracement cmg
A hot momentum stock, is showing a short term pennant breakout opportunity. We are at a nice buying point right now (the .786). The pattern may flounder but the upside targets (provided by Fibonacci analysis):
T1: 736.51
T2: 747.38

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