BullBear Trading: Stock and Financial Market Technical Analysis

Chipotle Mexican Grill Shows Signs Of Explosive Breakout $CMG

After being dead money for months as the stock market hit all-time highs, Chipotle Mexican Grill, Inc. (NYSE:CMG) may be coming to life. The stock is poised for a potential explosive breakout based off the stock chart. Investors looking to buy need to wait until the down-sloping trend line shown on the chart below is breached to the upside. It is not wise to be before then as the stock has not officially broken out and could collapse back down. If a breakout does occur, Chipotle Mexican Grill, Inc. has strong upside to a price target of $475.00.

By Pro-Trader

Annabelle

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