jmboyer1

CMG H&S Top?

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NYSE:CMG   Chipotle Mexican Grill, Inc.
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Here's a hunch on a H&S top for CMG (Chipotle Mexican Grill), one of the biggest winners since 2009. Would like to see a gap down soon (highlighted), completing the "island top" then moving down to the 480ish area forming the neckline b/f moving back up to right shoulder. Using measuring formula, target could be down to 263ish area...a sweet short. Very similar setup/pattern to previous posts on BIDU and GILD, two other big winners. Regardless, would not want to be long any of those 3.
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