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Chipotle Mexican Grill Crosses Above its 10-day MA (CMG)

By Shiri Gupta

Today, shares of Chipotle Mexican Grill (NYSE:CMG) have crossed bullishly above their 10-day moving average of $397.11 on a volume of 159K 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 Grill share prices have been bracketed by a low of $384.77 and a high of $758.61 and are now at $401.56, 4% above that low price. 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 tracking the current trend status for Chipotle Mexican Grill and will alert subscribers who have CMG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Chipotle Mexican Grill

Ticker(s): CMG