Expect a fight at 50DMA but there is a good chance we will see Jan low at and around 653.77 close below that the stock will be a short candidate with target price $595 next few weeks. Try us www.2waytrading.com
I see a possible target price next 24 months at 480 unless next earning stops the bleeding. Hard to see a new all time high for a long time to come. If you want to get real time alerts try us www.2waytrading.com
Chipotle Mexican Grill -CMG - Daily
"With Qdoba (JACK) breaking out, and CMG rolled over and under 28+ days of supply at 675-680.
If you can risk a rally to 682, just over a 2% rally, then I see reasonable chances for a drop to $625 or the middle of the gap from the July jump.
Tim
11:40AM EST 9/19/2014 Friday"
PS - It's always interesting to see when the...
Chipotle 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...
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.
Good investment stock back in 2009
After a five years bull trend, finally it gave 1st RSI divergence warning...
When CCI drop below 100, the selling pressure might increase.
With JACK, you get a valuation less than 2 times sales compared to over 5 times sales for CMG. CMG is 250% more expensive than JACK, or JACK is 60% cheaper than CMG on this basis.
With JACK, you get 30% returns on equity, which compares very favorably with 20% for CMG. JACK is 50% better in this category.
A major issue, and why JACK is cheaper, is that sales...
With Qdoba (JACK) breaking out, and CMG rolled over and under 28+ days of supply at 675-680.
If you can risk a rally to 682, just over a 2% rally, then I see reasonable chances for a drop to $625 or the middle of the gap from the July jump.
Tim
11:40AM EST 9/19/2014 Friday This was just 667 when I started typing... now it is 664... wide spread..
Its very common for growth stocks get either big smile or face brutal punishment. No mercy at all. For speculators, only u need to have a solid plan in place not in 2 days or one day or even the same day to trade this type of stock..Once IV collapses good to take a trade, or plan well ahead before it spikes not when its very expensive specially straddle/strangles...
This is an observation that is showing up in a number of stocks so I thought I would share one with you. At first this was evident in the post-options-expiration environment in the overall market as viewed by the S&P500.
Now, you can see CMG "post earnings" and then once the excitement is out of the market, it then returns to the price where the earnings were...
CMG - ready for another go at CMG on the short side - The last stop was very close at only 1 ATR and it got hit right away. Oddly enough, that at least shows some strength in CMG for future reference. If CMG was very weak, it would have stopped at the key resistance level that I highlighted. The fact that it could get back up to the mid-point of the decline is...
CMG is rallying towards the half-way-back level of 548 from its recent high volume decline. The rally is on lower volume, which implies a weaker rally. The "EARNINGS SUPPORT and RESISTANCE" is also playing into this trade and the rally will very likely be halted at the 548 level from remaining sellers from the last earnings report.
Keep in mind that CMG is rich...
