Chipotle's Rally Continues

Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are trading higher by $30.52 at $459 in Thursday's session. It has added nearly $60 over the last two sessions. The rally was instigated by comments from the company's CEO, that he was confident the rash of illnesses at its restaurants will not happen again.

After a higher open, it retreated but found support well ahead of the upper-end of Wednesday's range ($432.40), only reaching $435.50.

The ensuing rally has found intra-day resistance ahead of its January 4 high ($469), only reaching $463.51 before falling back under $460.