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Chipotle stock price double-top points to a crash ahead of earnings
墨式烧烤墨式烧烤(US:CMG) Invezz·2025-04-21 17:16

Chipotle Mexican Grill stock price has crashed in the past few months, moving from a high of 66.6inDecembertothecurrent66.6 in December to the current 48. It is hovering near its lowest level since January 29 last year. This article explains why the CMG share price is on the cusp of a bearish breakdown after forming a double-top pattern. Copy link to section The stock has formed a bearish pennant pattern, a popular continuation sign. Additionally, it has fallen below the 50-week and 200-week Exponential Moving Averages (EMAs), ind ...