Chipotle Stock Slides 11% in 3 Months: Buy the Dip or Hold Off?

Shares of Chipotle Mexican Grill, Inc. (CMG) , which soared 43.4% in the past year, have now hit a rough patch, losing momentum despite the recent stock split. In the past three months, the stock has declined 10.5% against the industry’s and the S&P 500’s rise of 5.3% and 7.1%, respectively.Closing at $55.77 in the last trading session, the stock stands almost 19.5$69.26. Technically, CMG is trading below its 50-day moving average but above its 200-day moving average. The company ...