have boasted double-digit gains this year and are all trading near 52-week highs. However, as Chipotle gets set to report its latest quarterly earnings Tuesday after the bell, one technician says the stock is gearing up for a big make-or-break moment.
While Johnson said the stock looks like a buy if it can rally above a key $750 level on its results, he warns that after a nearly 70% rally this year "there's a possibility Chipotle could fail on a potential breakout." "McDonald's has been in a very well defined uptrend for quite some time here," he said Tuesday on CNBC's ". " "I'm going to take the safety trade of being inside that nice channel we've been in for a number of years and wait for that move back to the upside."
They used all their cash to buy back stock.
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