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Coupa Software I Crosses Below its 10-day MA (COUP)

By Nick Russo

Coupa Software I (NASDAQ:COUP) shares have crossed bearishly below their 10-day moving average of $47.13 on a volume of 242K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Coupa Software I share prices have been bracketed by a low of $22.50 and a high of $50.69 and are now at $47.00, 109% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0% lower over the past week, respectively.

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 55.3%. 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