Chipotle Mexican Grill faces key support
Wesley Harr | firstname.lastname@example.org
Shares of the restaurant chain smoked through the $400 level as it fell sharply today, and the next potential support area is around the March 6 low of $386.44 and close of $387.30 as shown on the six-month chart below.
CMG is down about 2 percent to $399 this afternoon. If the stock closes below $400, it will add validity to failure at that support level.
(Chart courtesy of tradeMONSTER)