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Planet Fitness-A Set to Possibly Pullback After Yesterday's Rally of 1.83%

By Nick Russo

Planet Fitness-A (NYSE:PLNT) traded in a range yesterday that spanned from a low of $47.01 to a high of $48.50. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $47.59 on volume of 536,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 18.9%. We continue to monitor PLNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Planet Fitness-A share prices have moved between a 52-week high of $48.38 and a 52-week low of $22.26 and are now trading 117% above that low price at $48.37 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.0%.

Keywords: rebounders planet fitness-a

Ticker(s): PLNT