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Anaplan (PLAN) Bottoming Play in Software

Anaplan (PLAN) Bottoming Play in Software

by | Jul 7, 2021 | Open Interest Alerts

Anaplan (PLAN) a lagging Software name on watch for a move above OpEx value at $55.90 with room back to the 200-day moving average at $62.45 or higher on a breakout. PLAN starting to show some bullish divergences on the weekly with MACD crossing bullish. PLAN is also a name that has seen bullish positioning recently with opening sales in July $52.5 and $50 puts seeing minimal downside spread with buys of August calls, notable call open interest at $5, $52.5, $55, $57.5 and $60 for PLAN although earnings are not until after August OpEx. PLAN has seen some execution challenges and still trades 13.7X FY21 EV/Sales with annual revenue growth seen around 25% the next three years.