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Chipotle Mexican Bullish Moving Average Crossover Alert (CMG)

By Nick Russo

Today, shares of Chipotle Mexican (NYSE:CMG) have crossed bullishly above their 10-day moving average of $734.00 on a volume of 101K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Chipotle Mexican share prices have been bracketed by a low of $383.20 and a high of $749.24 and are now at $739.04, 93% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Chipotle Mexican and will alert subscribers who have CMG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses chipotle mexican

Ticker(s): CMG