Chipotle Mexican Grill Bearish Moving Average Crossover Alert (CMG)
Chipotle Mexican Grill (NYSE:CMG) crossed under its 10-day moving average of $402.29 on a volume of 1.8 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Chipotle Mexican Grill share prices have been bracketed by a current low of $376.22 and a high of $758.61 and are now at $379.29. 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