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Planet Fitness-A Bearish Moving Average Crossover Alert (PLNT)

By Shiri Gupta

Planet Fitness-A (NYSE:PLNT) crossed under its 10-day moving average of $74.85 on a volume of 1.5 million 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 $77.34 and a 52-week low of $36.72 and are now trading 97% above that low price at $72.49 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Planet Fitness-A on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.95. Since that recommendation, shares of Planet Fitness-A have risen 34.7%. 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