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Shares of Chipotle Mexican Grill Are Down on Strong Volume (CMG)

By Amy Schwartz

Chipotle Mexican Grill shares are trading on heavy volume today, having fallen 5.9% to $431.72. About 1.1 million shares have been traded today, as compared to the 30-day average volume of 1.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, Chipotle Mexican Grill share prices have been bracketed by a low of $352.96 and a high of $758.61 and are now at $434.57, 23% above that low price. 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%.

Keywords: unusual volume Chipotle Mexican Grill

Ticker(s): CMG