• Return to Headlines

Planet Fitness-A Rises 6.64% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Planet Fitness-A (NYSE:PLNT) traded in a range yesterday that spanned from a low of $51.00 to a high of $53.41. Yesterday, the shares gained 6.6%, which took the trading range above the 3-day high of $49.68 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Planet Fitness-A have traded between a low of $22.79 and a high of $53.41 and are now at $52.04, which is 128% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.7%.

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 22.1%. We continue to monitor PLNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders planet fitness-a

Ticker(s): PLNT