Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Sell Chipotle, Buy Cigna


According to a proprietary algorithm, Chipotle moved to a "sell" on September 20, and Cigna moved to a "strong buy" on September 4.

MINYANVILLE ORIGINAL If you follow the moves of great hedge fund managers, you certainly watched David Einhorn today at the Value Investing Congress. Einhorn mentioned that he thought Chipotle Mexican Grill (NYSE:CMG) was a short and that he was bullish on Cigna Corp (NYSE:CI). Unless you have $10 million to invest with Greenlight Capital, though, it's hard to take advantage of Einhorn's best ideas. At ChartLabPro, we cover both names with our algorithm. We moved to a Strong Buy on Cigna on September 4 and went to a Sell on Chipotle on September 29. Bottom line: Price leads fundamentals.

Before we look at the charts, let us first tell you about's proprietary rating system. This algorithm does not use the standard MACD and moving averages. We feel that looking at the same technical data provides little edge over other market participants. This algorithm has been used for the last 13 years in running institutional money. The rating is as follows: Strong Sell (1), Sell (2), Neutral (3), Buy (4), Strong Buy (5).

Click to enlarge

Click to enlarge

For more from, click here.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos