AnnabelleTrader

$CMG Continues To Collapse, But Smart Investors Will Buy It Here

NYSE:CMG   CHIPOTLE MEXICAN GRILL INC
CMG
49 0 1
cmg
Shares of Chipotle Mexican Grill             , Inc. (NYSE:CMG) continue to collapse as investors run for cover. Recent earnings did nothing to calm the fears of continued competition and the food sickness issues remain an overhang. Will average investors remain highly bearish , institutional investors are signaling a major level to buy at $335. This buy level comes from two major trend lines meeting at this level. When price hits it, it will put in a major bottom. I am a buyer here for sure.

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