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CMG

CMG: A shortI am bearish on CMG in a short term sense. Story/fundamental/technical wise Technical: The price has breached the 200 Weekly SMA and shows weak price action. I am expecting a drop but I am unsure where it stops. Fundamentals: CMG is over valued and based on classical valuation based on DCF, CMG's fair value is at $288. Which is a big drop. In terms of PE and PS it is undervalued as well. However, since it is a growth stocks and it assumed that earnings are used for growth, EV/EBITDA still shows decent valuation of 14 Story wise: Many would have known about the e coli scare and causes a drop on stores sales. Though as a food scientist this food scare is actually very small. However, due to fear (funny enough from wall street) the stock may see further decline. For short term players CMG is a good short but once there is a good time I will get long since it is a favourable food restaurant and also have big room for growth.
NYSE:CMGShort
by soldierducky
NEXT WEEK'S EARNINGS PLAYS -- GOOG, CMG, GILD, XOM, LINKDAnd earnings season slogs on ... . Next week there are bunch of biggies, but not all of them are worthwhile options setup plays, primarily due to liquidity. GOOG's option liquidity has never been the greatest, and CMG and LNKD have always been horrid, so right off the bat I would pass on those for options plays. GILD -- announces earnings on 2/2 (Tues) after market close. The options have fairly good liquidity, and its implied volatility rank is currently at 74. XOM -- announces earnings on 2/2 (Tues) before market open. Good liquidity, but the implied vol rank is not where I'd like to see it; it's currently 54, a contraction no doubt due to the bit of strength in oil we've seen the past week ... . Moreover, with the volatility still hanging in there in the broader market (VIX is still marginally over 20), I can afford to be picky and/or not play earnings at all, since my tendency is to slack off earnings plays when the VIX above 15 and go for plays in the broader index ETF's like SPY, IWM, QQQ, and DIA ... . Nevertheless, I'll look at a setup at least in GILD and keep an eye on XOM to see if volatility ramps up to where I'd like to see it (70+ in percentile rank).
NASDAQ:GOOG
by NaughtyPines
FRGI- Busted Uptrend Now In A Snapback Rally To? Resistance?3-30 Another name that's broken it uptrend to the downside. Now? Its all about a snap back rally bear channel to form when it comes to shorting this issue and not until. We've got some Fibonacci retracement zones to help guide us and some overhead supply in the $64 zone. Lets see what it looks like when and IF we get there. These are not recommendations, Trade at YOUR own risk, strictly for educational and informational purposes only.
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by Amazingpowerpatternguy
CMG Cup&Handle pattern, potential gap coveringChipotle Mexican Grill formed bearish pattern called Cup&Handle with lower high (reversal candle) on 6th of October. Important level of support was at $649 and was broken yesterday with conviction. Combine it with $SPX break down of 200 EMA first time since long time and that is how you get in on the right side. Risk Management: ENTRY was at $649 break. After 3 outside down days it feels a bit oversold. Maybe, wait for a bounce to fill with better price. STOP above $660 makes sence if sellers want to keep pressure and momentum. Then we have $682 reversal point. TARGET: as there is no visible support below previous support I will put my target at $609 which was resistance before gap up on earnings.
NYSE:CMGShort
by andrew.berg