Market Overview

Chipotle Poised For Its Second Two-Day Rally In August


Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are trading higher by $6.70 (2.3 percent) at $308.62 in Friday's session.

It's having some follow-through on its nearly $5 gain from Thursday ($297.09 to $301.92). That rally was instigated by an upgrade at Stephens. Before Friday's open, Standpoint Research changed its rating from Underperform to Hold.

After a flat open, Chipotle tapered off but found support about $1.00 under Thursday's close ($301.92) at $300.85 and embarked on a rally. At this time, it has found intraday resistance just above Tuesday's high ($310.00) as $310.63 stands as the high for the session as of 12:45 p.m. EST.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (CMG)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Ulta Beauty Attempts To Find A Bottom

Veeva Systems Q2 Beat And Raise Not Good Enough