Chipotle Mexican Grill -CMG -Daily - Rallying into supply =SHORT
With Qdoba (JACK) breaking out, and CMG rolled over and under 28+ days of supply at 675-680.
If you can risk a rally to 682, just over a 2% rally, then I see reasonable chances for a drop to $625 or the middle of the gap from the July jump.
Tim
11:40AM EST 9/19/2014 Friday This was just 667 when I started typing... now it is 664... wide spread..
If you can risk a rally to 682, just over a 2% rally, then I see reasonable chances for a drop to $625 or the middle of the gap from the July jump.
Tim
11:40AM EST 9/19/2014 Friday This was just 667 when I started typing... now it is 664... wide spread..
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