kdreed24
Short

CMG short from a failed expansion

NYSE:CMG   CHIPOTLE MEXICAN GRILL INC
29 0 0
CMG             has been in a sideways channel for the last week. Looking for a failed breakout or expansion at the upper range because of the general market decline. Entered the trade on the break of the the inside bar (667.75) using a put option. Using the 10 EMA to stay in the trade with targets at fib levels .382 and .618 with a runner to 646.
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