Chipotle Mexican Grill Inc

CMG is in a Stage 2 advancing phase with a clear higher-highs and higher-lows structure above rising 9- and 20-day EMAs and the 50-day SMA, signaling bullish medium-term direction. Short-term pullbacks into the rising EMAs have held on low volume, indicating favorable entry conditions. Execution is recommended now on pullbacks into the EMA region for continuation toward near-term resistance.

• ↑Q2 revenue $3.3B (+9.3% YoY) with comps +2.2% drives demand.
• ↑Digital sales at $1.3B (38.3% of total) up from 35.5% last year.
• ↓Restaurant-level margins fell 220 bps to 25.2% due to labor, ingredient inflation.