Planet Fitness Inc. (PLNT) – stock is trading around $70.10 dollars as of November, 15, 2019 and offering a possible buying price between $70.84 – $74.38. Let’s look at the stocks technical actions using a weekly chart.
2. After a rock solid run up, the stock staged a negative reversal back in July.
3. The reaction was so severe in such a way that, it’s 200 day moving average (DMA) crossed over the 50 DMA.
4. But, it recent weeks, the stock under heavy accumulation and that helped to regain the 50 DMA.
5. It also helped to regain the 200 DMA.
6. The stock is offering possible buying price between $70.84 – $74.38, with a stop loss at $65.17.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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