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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Here's Why Chipotle Is a Buy on Weakness

Shares of Chipotle Mexican Grill ( CMG) are attempting to clear an important hurdle today. The stock has rebounded nicely off last week's low and is now beginning to pierce a major overhead trend line.

For Chipotle bulls, a clear break above the $420 area should give them a big boost in confidence.

Chipotle's impressive recovery off the January lows stalled in early March after a 35% gain. This rally retraced one third of the massive breakdown from the October 2015 peak. Chipotle began a fresh leg lower less than a week after topping out near $542. Over the next four months, the stock put...


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