The Relative Strength (RS) Rating for Planet Fitness stock entered a new percentile Thursday, as it got a lift from 66 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or higher RS Rating as they begin their biggest runs. See if Planet Fitness stock can continue to show renewed price strength and hit that benchmark.
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Is Planet Fitness Stock A Buy?
Planet Fitness stock has been retook its 50-day moving average on Thursday. While the stock is not near an ideal entry right now, see if it manages to form and break out from a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The gym operator posted 68% earnings growth in the latest quarterly report, while sales growth came in at 53%.
Planet Fitness stock holds the No. 14 rank among its peers in the Leisure-Services industry group. Hilton Grand Vacations and Life Time Group Holdings are also among the group's highest-rated stocks.
