0KJD trade ideas
PLNT shares have been working outPLNT shares are at 52-week highs. Recent guidance and new highs should keep the shares "working out" higher.
Planet fitness is getting some serious gains!Planet fitness is currently for the third year on the stock market and made some serious gains. The stock price has increased with more than 164% in the last 3 years. But how does this come? The company is building new gyms all over America in a very high speed. If we take a look at their fundamentals we will see this. (in millions)
Revenue 2015: 330.537
Revenue 2016 378.241
Revenue 2017 429.942
Net income 2015: 18.518
Net income 2016: 21.500
Net income 2017: 33.146
EPS 2015: 0.11
EPS 2016: 0.50
EPS 2017: 0.42
The EPS seems to getting lower, but the outstanding share have been doubled. When the outstanding shares would have stayed the same the eps would have been near to 0.80
The company has a perfectly balance current debt to equity rate and can pay the total debt within a month of net earnings.
When we take a look at the chart we will see a huge drop in the last months. this can be caused of global pressure, raising interst and a lower overall market, but not on the numbers of this company. The upcomming recession could work in favor for Planet fitness because it is a low cost gym. The stock price is near to the 200 EMA wich has given support and resistance in the past. This could cause another drop, but the company is outperforming the markets and the fundamentals are still growing which will make higher highs in the future.
Upcomming Earning release is on 06 nov 2018
They did beat the last 4 expected earnings.
Another idea to find a good timing for buying an IPO stock.I studied a weekly graph of an IPO stock PLNT to find out a good time for long-term buying after its IPO period. The tool used in this studied was a custom indicator "Graph Reader Pro 2.0 for TradingView (GRP2)". In some IPO stock cases such as Facebook, the stock price decline for a long time after IPO. It usually take them 1-3 years after IPO to rally a lot. In their cases, the CC59 counting tool in the GRP2 indicator could be used to generate the CC59 resistance line. The good buying points for long-term investment were the points when the prices can stay above their CC59 resistance lines for the first time. However, in some IPO cases such as in this studied, the price after IPO did not decline enough for the CC59 resistance line to be generated.
Alternatively, I considered other tools in the GRP2 which are the Local Max/Min and the SMA5x13. The Local Max/Min compares the high prices of 3 consecutive bars. If the middle bar has the highest high price, a text label "Max" is printed above the middle bar. Similarly, if the middle bar has the lowest low price, a text label "Min" is printed below the middle bar. The SMA5x13 monitors the crossing between simple moving average 5 and 13 lines. It prints a text label "SMA5>13" if the close price results in SMA5 > SMA13. On the other hand, it prints "SMA5<13" if the close price gives SMA5 < SMA13. Both Local Max/Min and SMA5x13 tools can be turned on/off in the GRP2 by the users.
Back to the weekly graph of PLNT during its IPO period, If we put a horizontal ray at the high price of the bar with a text label "Max" one by one when each label appears on the graph, we could get the "declining Local Max resistance levels". Once the stock price can break above the lowest Local Max resistance level and the label "SMA5>13, it's a good opportunity to buy the stock.
For more information on how to get invited to use the Graph Reader Pro 2.0 Please drop me a comment below or let me know in the TradingView private chat.
Planet Fitness Year Long uptrendAs the title says
Late into friday trading you will see the sexy bullish action within the candle sticks, i see three bull flags, maybe im wrong
Quick stop to avoid a real dump since i believe this stock has corrected and consolidated enough but can still make new ATH
$PLNT - major breakout multiple timeframesJust observing but liking the chart. This is a longer term b/o that typically will climax...
PLNT - Bull FlagCoiled stochastic divergence on the hourly.
Buy: 38.00
Target: 39.00 - 40.00 (2.63% - 5.26%)
PLNT potential long and/or short opportunitiesIf you like planet fitness's fundamentals, take a look at the buy point I describe here and decide for yourself. If you would like a potential in and out, maybe look for the over-extension for a short point, however I would not recommend shorting this company based on the chart alone, and definitely look into the business itself first because shorting a good business has the potential to go against you if you are not careful, even with obvious technical patterns in the chart. fun fact: I go to this gym
PLNT - Trend breakdown short from $19.83 to $17.13PLNT is breaking down all the moving averages and its trend line support. Moneyflow was diverging & recently plummeted down to negative side. We think it will decline further to $17 area, if it can break $19.83
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Trend breakdown short
Entry Target Criteria- Break of $19.83
Exit Target Criteria- $17.13
Stop Loss Criteria- $21.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Going to the gym again... for now. Much like WTW, just because it's a new year. Otherwise, this is a short after the 1st month (or even first 2 weeks).
PLanet fitness PLNTRecovering from an oversold territory PLNT indicators and volume suggest that it will start to increase. Good for the short term, as long term indicators show that it will be moving in a downtrend thereafter.
Remember not to keep all eggs in one basket ; )
