Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States. It also operates restaurants in Toronto, Canada and in London, the United Kingdom. As of October 20, 2011, it operated 1,100 restaurants. Chipotle Mexican Grill, Inc. was founded in 1993 and is based in Denver, Colorado.
CMG is still rolling upside after a solid move higher through Friday. Exploded higher again on Monday and didn’t shy to put in a new closing high. Many breakout hunters will arrive once the price settles or pulls back for a possible another crazy breakout upside. The stock traded between $203.52 of 52wk low and $346.78 of 52wk high. The price is just 1.24% below its 52wk high of September 20, 2011. The percentage institutions hold this company is 99.92% so don’t play with fire as long as they want to hold their positions this stock will not go down. If you closely look the chart will give you that picture. The stock did not close below its 20/10-months exponential moving average since February 2009 it is amazing and very rare to see this kind of price performance these days in this tough market. It is safe to make your stop loss if you are long at $288.37 and next target price is $364.89. Good Luck!
WOOW Trading 
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