We’re again nearing the holiday season.
And that means that it’s time to start looking at some of the top New Year Resolution ideas, as we do every year. In the next few weeks, there’s Halloween, when we eat more of the candy we hand out at the door. Then, there’s Thanksgiving, where we eat until we pass out from too much tryptophan. And then there’s the December holidays, and New Year’s Eve and Day.
Around this time of year, about 90% of us, according to Johns Hopkins Medicine, make a resolution to lose weight, diet, and exercise more. All as millions of us begin to worry about our expanding waistlines, and promise ourselves next year will be different.
Many of us will join Weight Watchers, or WW, or even Medifast. Or, they’ll look to join a gym.
Look at Planet Fitness (PLNT) for example. For the last several years, the stock tends to take off around the holidays. It’s even starting to do so again now after plummeting. We saw it take off in late 2020, in late 2021, and again in late 2022. Now, we’re seeing it happen again. In fact, after bottoming out around $45, the oversold gym stock is also starting to pivot from over-extensions on RSI, MACD, and Williams’ %R.
We may even see similar moves in oversold stocks like Medifast, which currently sits at double bottom support. Even Weight Watchers is starting to push aggressively higher. In fact, after bottoming out around $5, it’s now up to $11.07 after it acquired Sequence, which operates a subscription telehealth platform. Reportedly, Sequence may also be able to connect patients with drugs such as Ozempic, Wegovy, and Mounjaro.
These are just a few of the stocks you may want to look into as we near New Year 2024.