Planet Fitness stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 80 to 86.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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Is Planet Fitness Stock A Buy?
Planet Fitness stock is trying to complete a double bottom with a 97.14 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The fitness chain reported 53% earnings growth in the latest quarterly report. Sales increased 37%.
Planet Fitness stock earns the No. 9 rank among its peers in the Leisure-Services industry group. SeaWorld Entertainment and Avis Budget are also among the group's highest-rated stocks.
