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Bullish Moving Average Cross by Chipotle Mexican Grill (CMG)

By David Diaz

Chipotle Mexican Grill (NYSE:CMG) shares have crossed bullishly above their 10-day moving average of $403.97 on a volume of 397K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Chipotle Mexican Grill share prices have moved between a 52-week high of $758.61 and a 52-week low of $352.96 and are now trading 15% above that low price at $405.15 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.4%.

SmarTrend is monitoring the recent change of momentum in Chipotle Mexican Grill. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Chipotle Mexican Grill in search of a potential trend change.

Keywords: moving crosses Chipotle Mexican Grill

Ticker(s): CMG