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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
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March 27, 2015
10:31 EDTCMGOptions with increasing implied volatility
Options with increasing implied volatility: ZU ARWR HLSS CREE BMRN SWKS IOC CMG INFN HOT
March 26, 2015
10:56 EDTCMGOptions with increasing implied volatility
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March 25, 2015
10:51 EDTCMGOptions with increasing implied volatility
Options with increasing implied volatility: CLDN CMG CREE AMZN ISRG MAC UA VMW SLXP
March 24, 2015
14:00 EDTCMGMorgan Stanley says survey results positive for Chipotle, mixed for McDonald's
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10:40 EDTCMGOptions with increasing implied volatility
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10:32 EDTCMGOptions with increasing implied volatility
Options with increasing implied volatility: MAC CMG HLSS PSEC ISRG AMZN CREE

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