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Planet Fitness-A Set to Possibly Pullback After Yesterday's Rally of 13.07%

By Shiri Gupta

Planet Fitness-A (NYSE:PLNT) traded in a range yesterday that spanned from a low of $68.30 to a high of $70.74. Yesterday, the shares gained 13.1%, which took the trading range above the 3-day high of $62.80 on volume of 1.6 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 $46.89 and a high of $81.90 and are now at $68.71, which is 47% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Planet Fitness-A and will alert subscribers who have PLNT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders planet fitness-a

Ticker(s): PLNT