You buying this chart: Chipotle (CMG)? Spoiler Alert: I am. Like, right now.

If you’ve read my work, you likely know my love for Chipotle: both the food and the stock. It was the first stock I ever traded and is the reason I became a stock-picker.

Last week, the stock defended the 50-day SMA, the 200-day SMA, and avoided a bearish MACD crossover. RSI continues to trend upward, with room to move higher before being considered overbought. If CMG can hold $62, I believe it could climb 10% to challenge its 52-week high, which sits just a few cents shy of $70.

In my view, the bulls have clearly reclaimed control of this stock from the bears. But, as the immortal Kobe Bryant once said, “Job’s not finished”. I’m putting a little more money to work here, betting the bulls finish the job.

You buying into the burrito bull market?