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grahvity
Nov 1, 2020 8:17 PM

Shorting opportunity in Chipotle Short

Chipotle Mexican Grill, Inc.NYSE

Description

In 2020, Chipotle paid a record high fine in the food industry of $25 Million to settle criminal charges because of microbial contamination in its food, yet illnessness persist. https://www.morningstar.com/news/pr-newswire/20201031cg77712/pritzker-hageman-food-safety-lawyers-file-ecoli-lawsuit-for-client-sickened-after-consuming-food-at-chipotle

Short at the confirmed/retested break of the massive double top neckline. Close partial shorts/profit at targets iindicated (fib retracement). Risk to new highs.

Maybe there'll be more room for news that bleeds (or poops) after post-election drama settles down. Hopefully the next presidential administration will take food safety more seriously and impose harsher penalties.

Meanwhile, wash your frickin' hands!
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