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Bullish Moving Average Cross by Coupa Software I (COUP)

By James Quinn

Today, shares of Coupa Software I (NASDAQ:COUP) have crossed bullishly above their 10-day moving average of $47.19 on a volume of 325K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Coupa Software I share prices have moved between a 52-week high of $50.69 and a 52-week low of $22.50 and are now trading 115% above that low price at $48.38 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Coupa Software I on April 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.62. Since that recommendation, shares of Coupa Software I have risen 52.4%. We continue to monitor COUP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses coupa software i

Ticker(s): COUP