On Thursday, Chipotle Mexican Grill received an upgrade to its Relative Strength (RS) Rating, from 69 to 78.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Chipotle Mexican Grill can continue to show renewed price strength and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a chart pattern and break out.
Chipotle Mexican Grill showed 17% EPS growth in its most recent report. Sales gains came in at 13%.
Chipotle Mexican Grill earns the No. 5 rank among its peers in the Retail-Restaurants industry group. CAVA Group is the top-ranked stock within the group.
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