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

By David Diaz

Today, shares of Planet Fitness-A (NYSE:PLNT) have advanced above their 10-day MA of $50.36 on a volume of 267K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Planet Fitness-A have traded between a low of $25.55 and a high of $53.41 and are now at $50.60, which is 98% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.9%.

SmarTrend recommended that subscribers consider buying shares of Planet Fitness-A on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.96. Since that recommendation, shares of Planet Fitness-A have risen 24.7%. 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