The Chart of the Day belongs to the Mexican restaurant chain Chipolte Mexican Grill (CMG).  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/17 the stock gained 6.04%.

(Click on image to enlarge)

CMG Price vs Daily Moving Averages

Chipotle Mexican Grill, Inc. mainly develops and operates fast-casual, fresh Mexican food restaurants throughout the United States. As of 6/30/23, it operated 3,268 domestic units. The company also has 44 locations outside of the U.S., and 4 Pizzeria Locale restaurants. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 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
• 57.72+ Weighted Alpha
• 45.95% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 11.66% in the last month
• Relative Strength Index 74.24%
• Technical support level at $2,453.46
• Recently traded at $2,470.85 with 50 day moving average of $2,290.56

Fundamental Factors:

• Market Cap $68.13 billion
• P/E 57.06
• Wall Street projects Revenue will grow 14.00% this year and another 13.60% next year
• Earnings are estimated to increase 34.80% this year, an additional 21.00% next year and continue to compound at an annual rate of 26.03% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 22 strong buy, 2 buy, 9 hold and 1 sell recommendation this month
• Analysts price targets are $1,850.00 to $3,000.00 - very wide range - with a consensus of $2,451.33 
• Value Line gives the stock an average rating of 3 with an 18 month price target of $2,660 for a 5% gain
• CFRAs MarketScope has a 4 star buy rating but a 12 month price target of $2,630 

More By This Author:

MicroMarvel: MacroGenics Confuses Wall Street
Chart Of The Day: TransDigm - Plane Parts
Chart Of The Day: Cadre - Protection For First Responders