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

By David Diaz

Coupa Software I (NASDAQ:COUP) crossed under its 10-day moving average of $47.61 on a volume of 582K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Coupa Software I has traded in a range of $22.50 to $50.69 and is now at $47.37, 111% above that low. Over the past week, 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 58.3%. 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