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Chipotle Mexican Grill Bearish Moving Average Crossover Alert (CMG)

By David Diaz

Chipotle Mexican Grill (NYSE:CMG) shares have crossed bearishly below their 10-day moving average of $451.24 on a volume of 283K 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.

Chipotle Mexican Grill share prices have moved between a 52-week high of $758.61 and a 52-week low of $399.14 and are now trading 12% above that low price at $448.75 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 0.8%.

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