Chipotle Mexican Grill, Inc (CMG)

Originally posted at WALL STRIP

Chipotle Mexican Grill, Inc (CMG) recently broke past resistance near 50 on a surge in trading volume and now that the stock is experiencing a lower volume pullback it is looking like a good long. There is a huge short position in the stock which was recently aggressively added to near 50 and those short sellers appear to be wrong. View this video to see why I think this stock will be on the new high list in the next few months.