Chipotle dips below $300 following highly disappointing Q3 results.
The negative EPS trend still signals to avoid the stock.
The downward shift in store opening growth will further impact the long-term potential.
After the close, Chipotle Mexican Grill (CMG) reported highly disappointing Q3 results. The numbers were so bad that my previous article questioned whether $300 would hold and now the focus can shift to the $250 level.