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Shares of CMG Down 31.3% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Chipotle Mexican (NYSE:CMG) on June 7th, 2017 at $465.50. In approximately 3 months, Chipotle Mexican has returned 31.27% as of today's recent price of $319.95.

Over the past year, Chipotle Mexican has traded in a range of $296.00 to $499.00 and is now at $319.95, 8% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.4%.

Chipotle Mexican Grill, Inc. owns and operates quick serve Mexican restaurants. The Company operates restaurants throughout the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Chipotle Mexican.

Log in and add Chipotle Mexican (CMG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights chipotle mexican

Ticker(s): CMG