I got into CMG yesterday and despite it being a bit lower than where I got in at, I am still marveling at the chart pattern here. If it breaks out and starts trending higher, there is a good chance, it could be hitting $400 in short order. Chipotle Mexican Grill (CMG) once it starts trending, it can be one of the most predictable/reliable stocks.
Now that it has a bull-flag within a long-term trend-line, I am very optimistic that, as the market pushes to new highs, it will re-gather itself and start making new highs of its own as well.
Here’s the CMG trade setup.
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