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Planet Fitness-A: The Winning Streak Continues (PLNT)

By Nick Russo

Planet Fitness-A (NYSE:PLNT) traded today at a new 52-week high of $44.71. This new high was reached on below average trading volume as 78,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

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.

Planet Fitness-A (NYSE:PLNT) defies analysts with a current price ($44.66) 4.0% above its average consensus price target of $42.89. Planet Fitness-A shares have support at the 50-day moving average (MA) of $40.31 and additional support at the 200-day MA of $33.55.

In the past 52 weeks, Planet Fitness-A share prices have been bracketed by a low of $21.28 and a high of $44.71 and are now at $44.66, 110% above that low price. The 200-day and 50-day moving averages have moved 0.86% higher and 0.99% higher over the past week, respectively.

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 10.1%. 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