When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Chipotle Mexican Grill stock just cleared that benchmark with an upgrade from 77 to 85.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they launch their biggest price moves.
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Is Chipotle Mexican Grill Stock A Buy?
Chipotle Mexican Grill stock is currently sitting on the 200-day moving average. While the restaurant stock is not near an ideal buy point right now, see if it goes on to form and break out from a proper consolidation.
The burrito fast casual restaurant saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 25%. Revenue rose from 16% to 17%. Keep an eye out for the company's next round of numbers on or around Oct. 21.
Chipotle Mexican Grill stock earns the No. 3 rank among its peers in the Retail-Restaurants industry group. Ark Restaurants and Kura Sushi USA are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
