Planet Fitness | PLNT | Long at $38.00

TradingView2026/05/07 22:42

By:TradingView

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Planet Fitness entered and then quickly exited my selected "crash" simple moving average zone today (green lines) after the earnings call revealed slower membership growth. Economic warning, anyone? I'm not confident it won't stay out of this crash area or drop further. But, using the data and its connection to algorithmic trading, my first entry was made at $38.00. Currently, the "major crash" area is between $16 and $23. There is an open price gap that will get filled (eventually) near $15.75.

If the position at $38.00 holds as a low, I'll be exiting at my targets. If the economic downturn is true and this drops to close the gap at $15.75, I'll likely close this out near entry and go in heavy at that level. The ultimate goal is a simple swing trade and quick exit at Target #2.

Targets into 2029:

$50.00 (+31.6%)
$60.00 (+57.9%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Planet Fitness | PLNT | Long at $38.00

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