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Sell Chipotle, Buy Cigna

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

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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 ChartLabPro.com'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).


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No positions in stocks mentioned.
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