SmarTrend, a trend trading system, reports that Life Time traded near a new 52-week high on Thursday with a price of $32.29. About 446,000 shares traded hands Thursday vs. an average 30-day volume of 387,000 shares. Life Time closed the day at $32.21. SmarTrend alerted its subscribers on Feb. 12 to buy Life Time stock at $26.82. The stock has risen more than 20 percent since.
Life Time will announce its first quarter 2010 results at 9 a.m. Central on April 22 and will hold its annual shareholders' meeting later that day at 1 p.m. Central. We will post the results on our Web site, so check back later.