This morning, many of the leading restaurant stocks are declining lower. Chipotle Mexican Grill Inc (NYSE:CMG) has been one of the stronger restaurant stocks in the market. This leading stock sold off sharply on April 19, 2012 when it traded as high as $439.40 a share. Today, CMG stock is trading lower by $4.61 to $414.18 a share. Short term traders can watch for intra-day support around the $413.50, $411.00, and and $408.70 levels. The daily chart will still have minor support around the $401.00 area.
Article
Restaurant Get Cooked Early
Posted, by inthemoneystocks on April 30th, 2012
Authored by, inthemoneystocks

Add new comment