Chipotle - Above Average Volume Detected | Tech-Corner

Sprint Nextel (S)

Yahoo! (YHOO)

Cisco (CSCO)

Netflix (NFLX)

Apple (AAPL)

Time Warner Inc. Reports Strong Results

Moody’s Reports Earnings

Emerson Near Resistance

Advance Auto Parts Upside Looming?

Above Resistance - Starbucks

Chipotle - Above Average Volume Detected

Published on Wednesday, 01 September 2010 11:52 Written by Christopher Lynn

cmg New York, September 1st (TradersHuddle.com) - Unusual high volume detected on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG), early in the trading session. Chipotle is currently trading higher by 4.69%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates quick serve Mexican restaurants. The Company operates restaurants throughout the United States and specializes in burritos and tacos.

Chipotle has already traded 0.919 times its 3-month average volume, and has calculated support and resistance at $142.82 and $153.87 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 2.71% from its previous trading close, which means that Chipotle stock is outperforming the overall market.

Cramer: Things Are Better - TheStreet.com
UPDATE: Credit Suisse Trims Target to $450 on Chipotle - Benzinga
Stock Market Story: Feb. 2 - TheStreet.com
Piper Jaffray Raises PT on Chipotle to $408 - Benzinga
Stocks to Watch: Shell, Merck, Dow - TheStreet.com
Chipotle Disappoints on Earnings, Blames Commodity Prices - Benzinga
Earnings Preview: Chipotle - Benzinga
Chipotle Mexican Grill Reaches New 52-Week High (CMG) - TheStreet.com
Chipotle Mexican Grill Reaches New 52-Week High (CMG) - TheStreet.com
'Mad Money Lightning Round': Heckmann Works - TheStreet.com

Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!