For his "Executive Decision" segment of Mad Money Wednesday night, Jim Cramer sat down with Frank Calderoni, chairman and CEO of Anaplan Inc. (PLAN) , the financial planning company with a stock that is up 61% since Cramer last checked in.
Calderoni explained that for many enterprises, gathering information and connecting to the planning process has always been a challenge. Anaplan's platform allows companies to do just that, collect data in real time and apply it to the planning process for better decision making. Now companies can instantly see where they are in relation to where they expected to be.
In addition to learning about the fundamentals let's check out the technicals of PLAN.
In the daily bar chart of PLAN, below, we can see all the price action since the stock went public. There was a small base in the $26-$21 area in October and November before the stock recently began a rally to the $44 area. With less price history to analyze we shortened our moving averages to 20-days and 50-days and right now but averages are pointed up and price is above the average line.
Trading volume has been slowly increasing since November, which is bullish. The daily On-Balance-Volume (OBV) line has declined for much of the time since going public, which is not the direction we like to see.
The Moving Average Convergence Divergence (MACD) oscillator is pointed higher above the zero, which is a positive.
In this Point and Figure chart of PLAN, below, we can see that a trade at $45 would be a triple-top breakout and open the way to a $58 price target. A decline to $40 would be bearish.
Bottom-line strategy: Keeping in mind we do not have a lot of price history to work with, it looks like PLAN could work higher in the weeks ahead. Seasoned traders could approach the long side risking below $37 with the $58 area as the price target.