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CMG Continues Higher Targeting New Highs

|Includes:Chipotle Mexican Grill, Inc. (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

CMG breakout chart from http://www.stockconsultant.com

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

Stocks: CMG