Planet Fitness, Inc.
  • PLNT

  • $100.17

  • +1.52%
  • $99.10

  • $101.18

  • $98.59

Ticker Appearances

Wed, January 31, 2024 | 12:30PM ET

⚡ FlashInsights

Wed, January 31, 2024 | 12:30PM ET
Planet Fitness (PLNT 1.52% ) is a stock that could make a "Technical short" list for me, as its 65% + rally from September into January 2024 is now showing signs of rolling over and turning down- Note the break in the uptrend from last Fall while Planet Fitness remains within a very well defined downtrend from late 2021- While my thoughts on the Stock market are that we might be able to rebound from any minor pullback to 4850 and back to new highs, i expect that late February into April might be a time when PLNT likely experiences weakness. I am anticipating weakness purely based on my own technical reasons down to 60 and potentially 55 between early February into April from its current$68.66 price (mid-day Wed 1/31). Bottom line, PLNT looks vulnerable in the months ahead

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