Chipotle Mexican Grill Sees IBD RS Rating Climb To 73

On Wednesday, Chipotle Mexican Grill (CMG) earned an upgrade to its Relative Strength (RS) Rating, from 70 to 73.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.

History shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Chipotle Mexican Grill can continue to rebound and clear that threshold.

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Chipotle Mexican Grill has climbed more than 5% past a 1,384.56 entry in a second-stage consolidation, meaning it’s now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

While revenue growth fell last quarter from 14% to 12%, earnings-per-share grew 22%, up from -2% in the previous report.

The company holds the No. 1 rank among its peers in the Retail-Restaurants industry group.

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