Squawk / 23 August 2016 at 16:26 GMT
CMG:xnys looking interesting for a multi-week bounce. It appears Chipotle is correcting excesses created during the massive bull-phase, none the less the peak at $760 stand at a 360 degree relation to the most recent low at $383. Quite some divergence on the weekly time frame as well!
28 August
Johan Berntorp Johan Berntorp
Nice pop by CMG, which should meet its first real obstacle at $427. If that level is cleared we have a shot at $470 in due time.
07 September
Johan Berntorp Johan Berntorp
We got a very nice reaction off $427, today we busted that level with a vengeance. $470 is up for grabs and as long as $405 holds thing could move quite fast.


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