Watch These Chipotle Price Levels as Stock Jumps After Strong Earnings Report
CMGChipotle Mexican Grill(CMG) Investopedia·2024-07-25 10:17

Key TakeawaysShares in fast casual restaurant Chipotle Mexican Grill jumped in extended trading Wednesday after the burrito maker reported second-quarter results that came in above Wall Street’s expectations.Following a correction of around 24%, Chipotle shares appear to have found support near a trendline linking prior price action and the 200-day moving average, setting the stage for a post-earnings pop.Chipotle shares may run into overhead resistance at key chart levels including 57,57, 61, and $65. Share ...