How To Swing Trade CMG
How To Swing Trade CMG – Metrics As of Close 24 April 2017
How To Trade CMG – Company Profile (via Yahoo Finance):
Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants. As of December 31, 2016, the company operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants; and 23 restaurants with non-Chipotle concepts. The company was founded in 1993 and is based in Denver, Colorado.
How To Trade CMG – The Trader Says:
This is a followup post to our first post about CMG here (the stock closed at $402.64 on the day that post was published). At that time price was testing a major TAOST Lo to Hi Magnet Zone. Price has since cleared that Lo to Hi TMZ. The Hi to Lo TMZ reflected by the red rectangle is a good area to place targets.
Either way, the stock looks good to the long side now.