On Friday, Chipotle Mexican Grill stock got an upgrade to its Relative Strength (RS) Rating, from 70 to 73.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs. See if Chipotle Mexican Grill stock can continue to show renewed price strength and clear that threshold.
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Is Chipotle Mexican Grill Stock A Buy?
Chipotle Mexican Grill stock is trying to complete a cup without handle with a 69.26 buy point. See if it can break out in volume at least 40% above average.
The Mexican fast casual restaurant reported 17% EPS growth in the latest quarterly report, while sales growth came in at 13%.
Chipotle Mexican Grill stock earns the No. 6 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, CAVA Group and Texas Roadhouse are among the top 5 highly rated stocks within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
