After Plunging -9.7% in 4 Weeks, Here's Why the Trend Might Reverse for Chipotle (CMG)

Group 1 - Chipotle Mexican Grill (CMG) has experienced a 9.7% decline over the past four weeks, but is now in oversold territory, indicating potential for a trend reversal [1] - Wall Street analysts are in strong agreement that CMG will report better earnings than previously predicted, with a consensus EPS estimate increase of 0.6% over the last 30 days [6] - The Relative Strength Index (RSI) for CMG is at 24.42, suggesting that heavy selling may be exhausting itself, which could lead to a price rebound [5] Group 2 - CMG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]