The CMG (Chipotle Mexican Grill) swing trade has hit the second & *final price target (T2) for a 13% profit. Consider booking partial or full profits and/or lowering stops if holding out for the potential (but still unofficial) T3 or any other downside targets. Original (July 25th) and updated daily charts below.
CMG daily July 25th
CMG daily Sept 27th
*T3 was and still remains only a potential, but not official, target and as such, this trade will now be moved to the completed trades section. What I like to do in these situations, especially in light of the recent sell signals & bearish developments/technical posture of the major stock indices, is to lower and/or trail down stop to give CMG the potential to continue down to T3 while protecting profits, should it suddenly reverse & start to rally. The additional previous charts & updated on CMG can be viewed here.