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

By James Quinn

Today, shares of Chipotle Mexican Grill (NYSE:CMG) have crossed bearishly below their 10-day moving average of $456.85 on a volume of 1.1 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, shares of Chipotle Mexican Grill have traded between a low of $352.96 and a high of $758.61 and are now at $434.57, which is 23% 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 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