Chipotle Mexican Grill, Inc. (NYSE:CMG) should worry investors. The stock price action has been horrid even though small investors have been buying in hopes of a turn-around. The main problem can clearly be seen in the stock chart performance. Think about it this way. With the stock market hitting new all-time highs today, why is Chipotle still at its 52 week lows. There has been no major bounce at all in the stock over the last few months. Investors need to look back at mid 2013 for the last time Chipotle traded in this range.

Any investors who are long the stock need to follow the $385 level closely. Should Chipotle trade below that point, a new major break down will begin. The downside target would be $360.00 then $250.00.

The bottom line remains, Chipotle should be performing much better in a bull market like this. Considering it is at its 52 week lows with no bounces should greatly concern investors.

By Pro-Trader

Jenny Rebekka