Chart of the Day: CMG

Rachel Dashiell examines Chipotle's (CMG) chart and a downward channel developing over the past 5 days. She looks at the $43 level as a point to watch acting as upside resistance this month. On a 1-year chart, she illustrates the gap between shares and the 50-day simple moving average which hovers around $48. Rachel does highlight an upward move taking place on the chart's RSI momentum study.

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