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.

Chipotle Mexican Grill Hits 'Approaching Oversold' Level


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.
  • Since we alerted readers of our Sell alert, the stock is down 25%. The stock was trading at $317 on September 29 prior to David Einhorn mentioning his short idea on the name at the Value Investing Congress.
  • We reached an Approaching Oversold reading on October 22, however at this juncture we are waiting for an outright Oversold rating for a potential short term long trade.
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.

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