Chipotle Mexican Grill
Chipotle Mexican Grill (CMG - Get Report) develops and operates fast-casual, fresh Mexican food restaurants throughout the U.S., as well as two restaurants in Toronto and two in London. This stock is trading up 5.3% at $318.57 in recent trading.
Today's Volume: 1.2 millionAverage Volume: 838,625 Volume % Change: 228% >>5 Stocks Everyone Hates -- But You Should Love From a technical perspective, CMG is moving sharply higher here with above average volume. This move is quickly pushing CMG within range of triggering a major breakout trade. That trade will hit once CMG takes out its 50-day moving average of $323.17, and then once it clears its gap down day high from July of $335.80 with high volume. Traders should now look for long-biased trades in CMG once sustains a move or close above those levels with volume that's near or above 838,625 shares. If that breakout triggers soon, then CMG will have a great chance of re-filling some of that massive gap that started above $400.
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