Major benefactors of they lazy consumer who can't even be bothered cancelling their unused subscription/membership, very much like Netflix even if you don't watch it, it is so cheap that best just keep it. High membership and low usage is a great problem to have as staffing levels and operating costs are greatly reduced. Earnings approach next week and the chart...
Planet Fitness has had a strong uptrend above the 180 EMA throughout the year. Has a strong chance of reaching $82 within one week for a 5% return. Planet Fitness will reach over $100 for a long term hold.
Historical study of using HHHC tool in EasyBee59 for TradingView with a monthly chart of a US stock PLNT:
In this chart, a white supply line connecting the highest points of the first two months. When the monthly chart broke above this supply line and the first "HHHC" or "Higher High Higher Close" label was written on the chart by EasyBee59, a buy order was...
Start for $1 - Monthly membership is $10 - $20 mo. go to any location
Free T-shirts, bagels, pizza
Clean beautiful gyms
Equipment well maintained - Employees always nice with a no judgement zone
They have dialed in this gym experience
Weekly chart shows they have dialed it in for years
Most of weekly volume spikes are on bullish weeks
People are interested in this...
I'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look.
RSI:...
I feel it will touch the resistance of 60's before hitting back into bullish form.
Even the indicators have just started showing down trend. I would see this weekend and take position based of it.
$PLNT Planet Fitness - Overbought at Resistance
Expecting a near term retrace - targeting $60-$62 range within 1 month (depending on overall market conditions we could dip sub-$60)
A nice way to play it might be a bear put spread, buying the Apr 18th $65.00 strike puts going for around $1.50 and selling the Apr 18th $60.00 strike puts going for about $0.45 for a...
Ascending trend line is not been broken. Nice momentum and with Weight Watchers foes, this has picked up some of that business. Some of the big sports name own this franchise too. It is near a major resistance (marked). I think it will blow past that and hit that long upward trend line. Gives this another $2.00 move.
Let's get on this.
We've seen this before back in Aug '18. There was a lot of consolidation right before a surge and then a huge dip.
This is a bit different because it's leading into the Earnings Call but it should be interesting to see what this does over the next few days and weeks.
Planet Fitness, Inc. is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company's franchising business in the United States, Puerto Rico, the Dominican Republic and Canada. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada. The Equipment segment includes the sale of equipment to franchisee-owned stores. As of September 30, 2017, it had approximately 10.5 million members and 1,432 stores in 49 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. Of its 1,432 stores, 1,261 were franchised and 58 are corporate-owned, as of September 30, 2017.
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PLNT
