Chipotle Mexican Grill: One Stock To Avoid In 2019
Analysts forecast the company earning less than $12 this year and the stock appears poised to top $450 in another test of the downtrend. If Chipotle can break this downtrend, one definitely doesn't want to get in front of an irrational rally. The key here is to not be caught long when the stock adjusts to normalized earnings.
As an example, Chipotle is only forecast to growth revenues by 7.9% in 2019 and that's before any hiccups from transitioning the HQ to SoCal. Us the rally above $450 to short the stock or exit a long, if a breakout doesn't occur.
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