CMG getting ready to move out of tight consolidation Long

Chipotle Mexican Grill, Inc.NYSE

Description

⋅ Jan 22, 2015 3:31 PM

After gapping to all time highs on 1/8, CMG has traded sideways and progressively tighter while hugging the 10ema. This sideways action has allowed the longer term 21ema to play catchup and is only about 2% away presently.