Chipotle stock price double-top points to a crash ahead of earnings

Chipotle Mexican Grill stock price has crashed in the past few months, moving from a high of $66.6 in December to the current $48. It is hovering near its lowest level since January 29 last year. This article explains why the CMG share price is on the cusp of a bearish breakdown after forming a double-top pattern. Copy link to section The stock has formed a bearish pennant pattern, a popular continuation sign. Additionally, it has fallen below the 50-week and 200-week Exponential Moving Averages (EMAs), ind ...