Dear Friends,
At the last meeting at the Frisch's Mainliner Brian suggested Chipotle as stock
to look at. Interestingly Barchart.com featured Chipotle as their Chart of the
Day yesterday. Their e-mail is shown below. What do you think? Is it a buy?
Have a great day!
Regards,Lance
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Find trading opportunities using many of Barchart.com’s free tools, such as
Trading Signals, Screeners, and Barchart Opinions. Barchart.com's Chart of the
Day - Chipotle Mexican Grill August 29, 2019: Published by Barchart.com
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The Barchart Chart of the Day belongs to the Mexican fast food retailer
Chipotle Mexican Grill (CMG). I found the stock by sorting Barchart's New
All-Time High list first by the highest Weighted Alpha, then used the Flipchart
feature to review the charts for consistent price appreciation. Since the
Trend Spotter signaled a buy on 6/11 the stock gained 16.18%.
Chipotle Mexican Grill, Inc., is operates Chipotle Mexican Grill restaurants,
which serve a focused menu of burritos, tacos, and burrito bowls (a burrito
without the tortilla) and salads, made using fresh ingredients. Chipotle
Mexican Grill focus on finding the highest quality ingredients can to make
great tasting food; on building a strong people culture that is centered on
providing an excellent guest experience; on building restaurants that are
operationally efficient and aesthetically pleasing; and on doing all of this
with the highest regard for the safety of customers and increasing awareness
and respect for the environment. Chipotle elevate basic raw ingredients into
food that's richer and more sophisticated through recipes and cooking
techniques. Chipotle focus has always been on using the kinds of higher-quality
ingredients and cooking techniques used in high-end restaurants to make great
food accessible at reasonable prices.
Barchart's Opinion Trading systems are listed below. Please note that the
Barchart Opinion indicators are updated live during the session every 10
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
- 87.10+ Weighted Alpha
- 71.62% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 8 new highs and up 4.81% in the last month
- Relative Strength Index 66.82%
- Technical support level 834.56
- Recently traded at 847.19 with a 50 day moving average of 776.99
Fundamental factors:
- Market Cap $23.27 billion
- P/E 74.72
- Revenue expected to grow 12.70% this year and another 12.10% next year
- Earnings estimated to increase 47.90% this year, an additional 29.60% next
year and continue to compound at an annual rate of 33.29% for the next 5 years
- Wall Street analysts issued 3 strong buy, 4 buy, 21 hold and 5 sell
recommendations on the stock
- 100,803 investors are monitoring the stock on Seeking Alpha
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a
long position in CMG over the next 72 hours.
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