belongs to the Mexican restaurant chain Chipolte Mexican Grill (). 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 AveragesChipotle 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 website when you read this report. Barchart Technical Indicators:
Fundamental Factors:
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:
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