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Life Time Fitness Inc. Looks To Be Out Of Shape

|Includes: Life Time Fitness, Inc. (LTM-OLD)

This morning, the leading fitness center Life Time Fitness Inc. (NYSE:LTM) is coming under some serious selling pressure. The stock is declining lower by $5.99 to $46.00 a share. Life Time Fitness Inc stock is trading lower on 1.6 million shares, the three month average volume is 751,000 shares. This type of decline signals institutional distribution and further downside in the near term. Traders and investors must now watch the $39.00 area for major chart support. This is a level where Life Time Fitness Inc staged a two year base in 2010, and 2011. This level on the chart will likely be a level where the stock will stage a bounce according to the charts.

Nick Santiago