In a welcome move, Chipotle Mexican Grill stock saw its Relative Strength Rating rise from 65 to 75 on Monday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of above 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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Is Chipotle Mexican Grill Stock A Buy?
Chipotle Mexican Grill is stock trying to complete a consolidation with a 1,958.65 entry. See if it can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The burrito specialist showed 60% earnings growth in the latest quarterly report, while sales growth came in at 22%. Look for the next report on or around Apr. 21.
Chipotle Mexican Grill stock earns the No. 5 rank among its peers in the Retail-Restaurants industry group. BBQ Holdings Inc and Flanigans Enterprises are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
