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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Chipolte Mexican Grill - CMG - Barchart Chart Of The Day 0 comments
    Jan 17, 2012 12:28 PM | about stocks: CMG
    Barchart.com's Chart of the Day - Chipotle Mexican Grill (NYSE:CMG)
    Barchart Research Team - Barchart.com - Sun Jan 15, 12:18PM CST
    Related Stocks
    CMG - Chipotle Mexican Grill
    Sym Last Chg Pct
    CMG 355.51 +0.89 +0.25%

    The "Chart of the Day" is Chipotle Mexican Grill (CMG), which showed up on Friday's Barchart "All Time High" and the "Gap Up" list. Chipotle on Friday posted a new all-time high of $355.00 and closed up 2.01%. TrendSpotter has been Long since Dec 5 at $336.21. In recent news on the stock, William Blair last Friday upgraded Chipotle to Outperform from Market Perform citing the company's strengthening sales momentum. Goldman on Jan 4 upgraded Chipotle to Conviction Buy from Buy and raised its target to $410 from $390 due to strong EPS growth and lower food costs. Chipotle Mexican Grill, with a market cap of $10.9 billion, is a restaurant chain that offers a menu of burritos, tacos, burrito bowls and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.


    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

    The status of 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 web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 80% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 96% Buy

    Barchart links for further information:

    Quotes and Charts
    Detailed Quote

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
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    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual


    Chart of the Day Archive
    View Past Chart of the Day Reports
    Stocks: CMG
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