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

By Shiri Gupta

Today, shares of Planet Fitness-A (NYSE:PLNT) have crossed bearishly below their 10-day moving average of $23.98 on a volume of 162K shares. Swing traders may find 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 $25.19 and a 52-week low of $14.87 and are now trading 61% above that low price at $23.86 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Planet Fitness-A on May 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.91. Since that recommendation, shares of Planet Fitness-A have risen 15.4%. We continue to monitor PLNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses planet fitness-a

Ticker(s): PLNT