In his first "Executive Decision" segment of Mad Money Wednesday evening, Jim Cramer spoke with Frank Calderoni, chairman and CEO of Anaplan Inc. (PLAN) , the financial planning and analysis platform that is at the heart of the cloud software revolution..
Calderoni said companies are looking for agility and resiliency, and aligning finance with your goals and abilities is crucial. Anaplan's software lets companies quickly plan and manage changes in supply chains, human capital, working from home and whatever else the world throws at you.
With Anaplan, companies can compile intelligence from not only their own internal systems, but also from the world around them. By using data from suppliers, customers and other stakeholders, Anaplan can deliver realistic forecasts that companies can depend on.
Let's check out the charts and indicators of PLAN.
In the daily bar chart of PLAN, below, we can see that the shares made a peak in February and a retest of those highs at the end of August and the beginning of September. Prices looked like they were making another retest Wednesday but they finished well off their highs. In the short-run I would look for some follow-through selling.
The slopes of the 50-day moving average line and the 200-day moving average line are still positive but we can see that the On-Balance-Volume (OBV) line has weakened from late August telling us that sellers of PLAN have become more aggressive. The trend-following Moving Average Convergence Divergence (MACD) oscillator has also weakened since late August.