New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 21, 2014
11:37 EDTCMGChipotle technical view ahead of earnings
The stock has been a strong out-performer in the last three months, trading up nearly 17%. Of late upside momentum has stalled which is typical for a strong advance into earnings. On a short time frame this looks like nothing of concern. Pulling back to a multi-year view however presents a more disturbing picture. There is a potential double top in the stock that a negative catalyst tonight could set in motion. On an increasing band of negative surprises in earnings or outlook, which may include profit margin concerns due to higher food costs, supports below are at $564.76, $538.26, and then at $518.54. A move below $500 would confirm the double top was on its way to a second set of downside objectives as the $500 level is the mid-point of the familiar "M" shape of a double top pattern. If the news exceeds expectations, resistance would be at $614.20 and then at $622.90 which is the 52-week high and life high for the shares. A breakout above the life high could set up a run to $650. It should be noted that the short base for the stock is close to a 1-year low. That could increase downside reactions, if there are any, as there is relatively little in the way of potential buy-to-cover demand.
News For CMG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 24, 2015
09:03 EDTCMGChipotle price target raised to $740 from $620 at Wedbush
Subscribe for More Information
09:00 EDTCMGChipotle to hire 4,000 people on a single day on September 9
Subscribe for More Information
06:36 EDTCMGChipotle to hire 4,000 employees in one day next month, WSJ reports
Subscribe for More Information
August 19, 2015
10:00 EDTCMGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Biocept (BIOC) initiated with a Buy at H.C. Wainwright... C.H. Robinson (CHRW) initiated with a Buy at Evercore ISI... Chipotle (CMG) initiated with a Hold at Maxim... Con-way (CNW) initiated with a Buy at Evercore ISI... Dermira (DERM) initiated with an Outperform at Cowen... Expeditors (EXPD) initiated with a Hold at Evercore ISI... Fleetmatics (FLTX) initiated with an In-Line at Imperial Capital... Frontier Communications (FTR) initiated with an Overweight at Stephens... Gevo (GEVO) initiated with a Buy at Rodman & Renshaw... International Game (IGT) initiated with a Sell at Goldman... Knight Transportation (KNX) initiated with a Buy at Evercore ISI... Logitech (LOGI) initiated with a Buy at Rosenblatt... Navistar (NAV) initiated with a Neutral at Macquarie... Panera Bread (PNRA) initiated with a Hold at Maxim... Scientific Games (SGMS) initiated with a Sell at Goldman... Swift Transport (SWFT) initiated with a Hold at Evercore ISI... Tribune Media (TRCO) initiated with an Equal Weight at Morgan Stanley... WEX Inc. (WEX) initiated with an Equal Weight at Barclays... Zoe's Kitchen (ZOES) initiated with a Buy at Maxim.
August 18, 2015
18:52 EDTCMGChipotle initiated with a Hold at Maxim
Subscribe for More Information
06:16 EDTCMGFast food chains making new push with more fresh ingredients, WSJ says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use