On Tuesday, Chipotle Mexican Grill received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
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.
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Chipotle Mexican Grill is currently working on a consolidation with a 2,175.01 buy point. See if the stock can break out in heavy volume.
CMG Earnings
The company posted 36% EPS growth in its most recent report. Revenue increased 14%.
Chipotle Mexican Grill earns the No. 1 rank among its peers in the Retail-Restaurants industry group.
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