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July 11, 2021, 2:06 a.m. EDT

Chipotle Mexican Grill CMG Pivot Points

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Jul 11, 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 /zigman2/quotes/200781108/composite CMG -0.98% 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

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

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 1499.68 target 1614.20 stop loss @ 1495.35

  • Short CMG under 1614.20, target 1499.68, stop loss @ 1618.86

  • Buy CMG over 1608.54, target 1614.20, Stop Loss @ 1603.89

  • Short CMG near 1608.54, target 1580.82, Stop Loss @ 1613.19.

  • Buy CMG over 1593.36, target 1608.54, Stop Loss @ 1589.64

  • Short CMG near 1593.36, target 1580.82, Stop Loss @ 1597.08.

CMG Technical Summary | Raw Data for the Trading Plans

COMTEX_389633353/2570/2021-07-11T02:05:59

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/200781108/composite
US : U.S.: NYSE
$ 1,823.09
-18.05 -0.98%
Volume: 263,163
Oct. 20, 2021 4:02p
P/E Ratio
88.71
Dividend Yield
N/A
Market Cap
$51.73 billion
Rev. per Employee
$68,007
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