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Bearish Moving Average Cross by Planet Fitness-A (PLNT)

By Amy Schwartz

Today, shares of Planet Fitness-A (NYSE:PLNT) have crossed bearishly below their 10-day moving average of $40.18 on a volume of 201K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Planet Fitness-A share prices have moved between a 52-week high of $41.67 and a 52-week low of $14.87 and are now trading 168% above that low price at $39.78 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Planet Fitness-A and will alert subscribers who have PLNT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses planet fitness-a

Ticker(s): PLNT