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News Breaks | | | | February 6, 2013 | | 11:16 EDT |  | CMG | Chipotle breaks out above its 10-day moving average after earnings
The shares are up nearly 5% at time of writing, last at $320.10. This is roughly near levels seen last night after the close. There was a significant short base coming into results, at over 7 days to cover. The base was on a steady rise over the last two months. Next resistance is at $322.92. Support is at $314.99, a pivot high in the recent trading range. | |
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News For CMG From The Last 14 Days Check below for free stories on CMG the last two weeks. |
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| June 19, 2013 | | 07:25 EDT |  | CMG | Chipotle won't benefit significantly from Qdoba closures, says Wells Fargo
 Subscribe for More Information | | | June 13, 2013 | | 06:54 EDT | | CMG | Chipotle Q2 same-store-sales estimate raised to 4% from 3% at Wedbush
Wedbush's Chipotle checks indicate Q2 same-store-sales are tracking slightly ahead of Street estimates of 3.8% driven by increased marketing, improved throughput, and new menu items. Checks also indicate catering is strong and is seeing increased traction and that a price increase in the 3-5% range is likely in 2H 2013 given increased commodity costs. The analyst raised estimates given strong comps and raised its price target to $420 from $400. Shares are Outperform rated. | | | June 7, 2013 | | 09:45 EDT | | CMG | Chipotle Q2 revenue forecast slightly below Street at ITG Research
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