Chipotle Shrugs Off A Pair Of Downgrades

shares are trading higher by $29 at $565.19 in Monday's session. The issue, which was pelted on Friday over another E. coli report, has ignored two downgrades by Sterne Agee CRT and Bank America and staged a nice rally. Off the open it pierced Friday's low ($534.20), reaching $532.02, but once it came back above Friday's low it was off to the races. Keep in mind, the issue shed over $70 on Friday, when the additional outbreaks were reported. So far, it has rallied to $569.03 and retreated.

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