Chipotle (CMG) Finishes in the Red

Blain Reinkensmeyer
Posted on Wed 31st May, 2006 02:51:00 AM

Chipotle stock (CMG) had a rough day today falling $2.80 to a close of $58.09. Trading volume today ended up just average average with 426,400 shares traded. Thursday then in fact was a distribution day for the stock and you have to wonder where the support is going to come. I am guessing you will find some support at around this price or at its 50 day moving average which is around $57 a share. The stock has still been hot since its IPO so keep an eye on it.

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More on this topic (What's this?)
Chipotle (CMG) a Tasty Post-Earnings Short
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Read more on Chipotle Mexican Grill at Wikinvest

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