Chipotle Mexican Grill - Russell 3000 Star

Summary

• 100% technical buy signals.
• 17 new highs and up 11.96% in the last month.
• 51.96% gain in the last year.

The Barchart Chart of the Day belongs fast-food company Chipotle Mexican Grill (CMG), I found the stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 6/22 the stock gained 19.56%.

Chipotle Mexican Grill, Inc., operates Chipotle Mexican Grill restaurants, which serve a focused menu of burritos, tacos, and burrito bowls (a burrito without the tortilla) and salads, made using fresh ingredients. Chipotle Mexican Grill focus on finding the highest quality ingredients can to make great tasting food; on building a strong people culture that is centered on providing an excellent guest experience; on building restaurants that are operationally efficient and aesthetically pleasing; and on doing all of this with the highest regard for the safety of customers and increasing awareness and respect for the environment. Chipotle elevates basic raw ingredients into food that's richer and more sophisticated through recipes and cooking techniques. The chipotle focus has always been on using the kinds of higher-quality ingredients and cooking techniques used in high-end restaurants to make great food accessible at reasonable prices.

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Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• 62.32+ Weighted Alpha
• 51.96% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 11.96% in the last month
• Relative Strength Index 69.74%
• Technical support level at 1,269.62
• Recently traded at 1,279.62 with a 50 day moving average of 1,141.73

Fundamental factors:

• Market Cap $35.72 billion
• P/E 124.97
• Revenue expected to grow 6.90% this year and another 16.00% next year
• Earnings estimated to increase 94.40% next year and continue to compound at an annual rate of 22.18% for the next 5 years
• Wall Street analysts issued 12 strong buy and 15 hold recommendations on the stock
• The individual investors following the stock on Motley Fool voted 3,505 to 466 that the stock will beat the market
• 110,560 investors are monitoring the stock on Seeking Alpha