gorillacharts
Long

CMG - Chipotle Clearing a Base

NYSE:CMG   CHIPOTLE MEXICAN GRILL INC
CMG             is back after finding a very good floor at 385. Stock is clearing a base and also taking out the 50day moving average. Upside into 444 seen.
Comment: CMG testing the 100day moving average. Efforts in March, May and July have failed at the 100day moving average. The last close above it dates back to October 2015. Hence a close above $422.50 would be another positive, adding to the overall reversal case.
Good chart with strong reasoning!
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