Chipotle Losing Its Mojo, Breaking Ascending Triangle

Published 11/20/2013, 02:50 PM

Last update, I stated there was prospects for an upside breakout.

Instead all we got was a head fake followed by today's downside break of the ascending triangle.

From here, look for targets to the downside that includes $510 and if that cannot hold, a move to the lower $480's is possible, though this will depend largely on market conditions in the broader sense.

Here's the Chipotle (CMG) technical analysis:
Chipotle Mexican Grill
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