Chipotle Mexican Grill Stock Coming Off Multiple Bottom On Upgrade

Chipotle Mexican Grill stock coming off a multiple bottom with rising large players volume.

Chipotle Mexican Grill stock is lifting off a multiple bottom basing pattern on an upgrade from Piper Jaffray. Piper Jaffray reiterated their Buy rating on Chipotle stock and set a $510 price target on October 11, 2017. Piper Jaffray's price target represents 56.2% upside from the previous close of $326.45.

Chipotle has a new partnership with Facebook. Facebook will now let its U.S. users order food for delivery or take-out directly through its mobile application and website. In a blog post detailing the new service, Facebook said that it has partnered with several chains, including Chipotle, Five Guys, Panera Bread, Jack in the Box, Wingstop, and Papa John’s Pizza.

Author: Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on unless specifically stated in the article. Owner of Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.

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