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July 20, 2021, 6:07 p.m. EDT

Chipotle Mexican Grill CMG Investment Analysis

Jul 20, 2021 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Chipotle Mexican Grill (NYS:CMG) with integrated risk controls.

The trading plans were valid at the time this was published, but the support and resistance levels for CMG change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Use the basic rules of Technical Analysis. Here are some examples: if CMG is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for CMG too. All of these are offered here: Access our Real Time Trading Plans

  • Buy CMG over 1509.06 target 1618.62 stop loss @ 1504.7

  • Short CMG under 1618.62, target 1509.06, stop loss @ 1623.29

  • Buy CMG over 1608.32, target 1618.62, Stop Loss @ 1603.68

  • Short CMG near 1608.32, target 1557.71, Stop Loss @ 1612.96.

  • Buy CMG over 1608.32, target 1618.62, Stop Loss @ 1604.57

  • Short CMG near 1608.32, target 1568.27, Stop Loss @ 1612.07.

CMG Technical Summary | Raw Data for the Trading Plans

Bias Weak Strong Strong
P1 0 0 1404.22
P2 1531.46 1557.71 1509.06
P3 1568.27 1608.32 1618.62


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