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Shares of Chipotle Mexican Grill Exhibit Possible Trend Reversal as it Trades Higher (CMG)

By Amy Schwartz

The price of Chipotle Mexican Grill shares has climbed to $430.48 (a 3.0% change) on heavy trading volume. Today's volume of 1.4 million shares tops the average 30-day volume of 1.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Chipotle Mexican Grill has traded in a range of $384.77 to $758.61 and is now at $427.30, 11% above that low. 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%.

Keywords: unusual volume Chipotle Mexican Grill

Ticker(s): CMG