Chipotle Mexican Grill Inc

CMG is in a Stage 2 advancing phase, underpinned by a dominant Lockout Rally and higher highs and lows, implying sustained forced-buying momentum. Despite recent extension above key EMAs and the 200-DMA pivot, the Lockout Rally dynamics permit immediate participation on the present pullback into the rising 9/20 EMAs.

• ↑Launching first Mexico restaurant supports 7,000-unit long-term target
• ↑Q1 revenue rose 7.4% YoY to $3.1B; comps +0.5%
• ↓Negative earnings yield suggests stock trading at premium multiples