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Look for Shares of Planet Fitness-A to Potentially Rebound after Yesterday's 1.36% Sell Off

By James Quinn

Planet Fitness-A (NYSE:PLNT) traded in a range yesterday that spanned from a low of $67.20 to a high of $69.26. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $68.70 on volume of 729,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Planet Fitness-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Planet Fitness-A in search of a potential trend change.

In the past 52 weeks, shares of Planet Fitness-A have traded between a low of $44.97 and a high of $81.90 and are now at $68.18, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.4%.

Keywords: rebounders planet fitness-a

Ticker(s): PLNT