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Web based stock technical analysis tools since 1999. Specializing in breakout and momentum stock ideas. Articles are opinions only and NOT investment advice.
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  • CMG Continues Higher Targeting New Highs 0 comments
    Jul 31, 2013 12:17 PM | about stocks: CMG

    CMG (Chipotle Mexican Grill) has held the gap up for two weeks and is now a continuation breakout above 410.51

    Breakout Details

    BREAKOUT WATCH for possible breakout above 410.51, no resistance in area just above.
    Type: Continuation breakout from single resistance.
    Target: 434.5, 6.2% Stop: 403.1, Loss: 1.5%, Profit/Loss ratio: 4.1 : 1 - Excellent

    Support and Resistance

    CURRENT PRICE 409.35, at resistance, 405.1 ± 5.27, type single, strength 1
    RESISTANCE ABOVE None.

    SUPPORT BELOW -5.8% at 385.7 ± 5.01, type single, strength 1
    -8.3% at 375.4 ± 4.88, type triple, strength 9

    (click to enlarge)CMG breakout chart from http://www.stockconsultant.com

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CMG

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