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Planet Fitness-A Set to Possibly Rebound After Yesterday's Selloff of 1.29%

By David Diaz

Planet Fitness-A (NYSE:PLNT) traded in a range yesterday that spanned from a low of $74.39 to a high of $76.01. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $75.75 on volume of 249,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Planet Fitness-A have traded between a low of $42.06 and a high of $81.90 and are now at $75.03, which is 78% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Planet Fitness-A on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.95. Since that recommendation, shares of Planet Fitness-A have risen 35.9%. 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