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After Yesterday's Decline of 4.82%, Planet Fitness-A Offers Investors Better Value

By Shiri Gupta

Planet Fitness-A (NYSE:PLNT) traded in a range yesterday that spanned from a low of $55.24 to a high of $58.91. Yesterday, the shares fell 4.8%, which took the trading range below the 3-day low of $58.07 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Planet Fitness-A has traded in a range of $23.77 to $88.77 and is now at $55.30, 133% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.3%.

Keywords: rebounders planet fitness-a

Ticker(s): PLNT