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Planet Fitness-A Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Planet Fitness-A (NYSE:PLNT) traded today at $45.99, breaking its 52-week high. Approximately 102,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Planet Fitness-A (NYSE:PLNT) is currently priced 6.4% above its average consensus analyst price target of $42.89. The stock should find initial support at its 50-day moving average (MA) of $40.86 and further support at its 200-day MA of $33.96.

Planet Fitness, Inc. owns and operates a chain of fitness clubs. The Company offers personal fitness training programs for its members, as well as provides sauna and massage facilities. Planet Fitness serves customers in the United States.

In the past 52 weeks, Planet Fitness-A share prices have been bracketed by a low of $21.99 and a high of $45.99 and are now at $45.85, 108% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.0%.

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 13.0%. We continue to monitor PLNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows planet fitness-a

Ticker(s): PLNT