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Message| (1,163)    Chipotle Mexican Grill, Inc. (CMG) is
trading around $310.43 per share. This stock is a favorite for
many investors because it has performed very well over the past
few years. However, as we have experienced with Internet stocks,
real estate and tulips, nothing goes to the sky forever. It will
be hard for this stock to repeat the gains of the past 2-3
years, in which it rose from below $50 to current levels over
$300. The 50-day moving average is $313.66 and the 200-day
moving average is $269.79. The earnings estimates for 2011 are
about $6.83 per share and $8.65 for 2012. This puts the PE ratio
at well over 40 which is high for the restaurant sector. I think
the high PE ratio and the fact that insiders have been
repeatedly selling shares are red flags for investors to
consider. Also, as this has been a favorite stock for momentum
traders and chart lovers, it makes sense to realize that the
200-day moving average continues to