Chipotle Mexican Grill (NYSE: CMG)
Submitted by lucas20 on Sun, 11/25/2007 - 05:39.
I am thinking that we're shaping up for a nice entry point back into Chipotle. We have a bullish confirmation from the candlestick analysis. The daily has recovered to the 10 week moving average. It'd be nice to see a volume confirmation, but the short term indicators are looking positive. For longer term, IBD puts CMG as the overall best in class Retail-Restaurants issue of 63 total. It also has the best Fundamentals of the group. There seems to be a pretty strong support at $123.58.
