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SmarTrend Watching for Potential Rebound in Shares of Chipotle Mexican After 2.00% Loss

Mar 14, 2018

Mar 14, 2018 (SmarTrend(R) News Watch via COMTEX News Network) -- Chipotle Mexican (NYSE:CMG) traded in a range yesterday that spanned from a low of $318.12 to a high of $327.51. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $319.50 on volume of 344,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Chipotle Mexican share prices have been bracketed by a low of $247.51 and a high of $499.00 and are now at $321.14, 30% above that low price. The 200-day and 50-day moving averages have moved 0.8% lower and 1.41% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Chipotle Mexican on February 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $286.53. Since that recommendation, shares of Chipotle Mexican have risen 14.1%. We continue to monitor CMG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to SmarTrend at


SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit

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Copyright, Comtex News Network, Inc. 2018

SOURCE: Comtex

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