Chipotle’s stock is at a critical juncture right now, after rallying over 50% since last November. There are some famous hedge fund bears on the stock, but perhaps that is neither here nor there.
What is important for bulls is that the well-defined support trendline dating back to November 2012 continues to hold.
To reiterate a basic concept of technical analysis, the more a well-defined point of reference is probed, the more likely it is to eventually give way. Here, we have a trendline holding true for quarters on end. But after a recent lower high Chipotle is back to it, once again.
Below it, and the 100-day moving average down around $340 makes a logical target.
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$3xx.00 taco truck with 40x trailing P/E and 1.0x PEG
Can you say Boston Market?
I’ll think about selling a 3-6 month DITM put against my short postion below $200
make that a 1.9x PEG
Yup, that’s the Gundlach argument.
and nobody is talking about the ICE criminal investigation still ongoing
you have a link?
here’s one from last year but i’ll see if I can find something more recent however it started as a non criminal inquiry and has now turned into a criminal investigation by ICE and the SEC.
It is an elephant in the room that has been ongoing but NOBODY talks about…yet
http://articles.chicagotribune.com/2012-05-22/business/chi-sec-joins-probe-of-chipotle-hiring-practices-20120522_1_chipotle-shares-chipotle-mexican-grill-criminal-probe
thanks!
do not understand the fascination behind Chipotle’s and their organic taco’s..dined in one of there joints maybe 7yrs ago..never to return. Same goes for Green Moutain and there little K~cups. Used one of there machines in recent travel (compact machine) took longer to set up the machine then to drink the 2onces that it produced…just horrible.
no position w either..sorry in advance to all you organic taco loving little fancy flavored K~cup coffee drinkers..:(
*mountain..oopsa there!