Chipotle Mexican Grill Hits 'Approaching Oversold' Level

By ChartLabPro.com  OCT 23, 2012 8:50 AM

Consider waiting for an outright Oversold rating for a potential short term long trade.

 


MINYANVILLE ORIGINAL We wanted to update readers on Chipotle Mexican Grill (NYSE:CMG) since our first alert of a Sell on the name. 
For those of you who are technical-analysis enthusiasts, technical patterns and levels are great tools. Unfortunately, 30 million other online investors and traders are using the same information. There is a reason systematic hedge funds use more mathematical quantitative analysis that changes consistently for price discovery.  Looking at the same technical indicators gives you little edge because every investor is aware of the same information.


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