Sell CMG below 400 with a target of 330 stop loss 420

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Chipotle Mexican Grill, Inc. (NYSE:CMG)

NYSE:CMG Chipotle Mexican Grill, Inc.

CMG is showing a long term bearish pattern. It is making lower highs and lower lows from March 16. IT is making a bearish channel. Currently the price is going down after touching next lower high of the channel at 422. It looks like it is going to make a new lower low at 320 of the bearish channel.

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