Watch These Chipotle Stock Price Levels Following Recent News of CEO Departure
SBUXStarbucks(SBUX) Investopedia·2024-08-19 20:21

Key TakeawaysChipotle Mexican Grill shares will likely remain on investors’ radar screens Monday after a week of volatile trading that followed the announcement last Tuesday that CEO Brian Niccol was leaving the company for Starbucks. The price formed a bullish hammer candlestick pattern on the highest volume since April 22, 2020 following the CEO departure news, indicating a potential upside reversal.Key Fibonacci retracement levels to watch on Chipotle's chart include 38.2% around 56,61.856, 61.8% around 61, a ...