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Coupa Software I: The Winning Streak Continues (COUP)

By Nick Russo

Coupa Software I (NASDAQ:COUP) traded today at a new 52-week high of $141.84. This new high was reached on below average trading volume as 280,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.

Coupa Software Incorporated designs and develops software solutions. The Company offers procurement and expense management software to engineering, government, education, health care, retail, and staffing industries. Coupa Software serves customers around the world.

Over the past year, Coupa Software I has traded in a range of $52.01 to $141.84 and is now at $141.84, 173% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.8%.

Based on a current price of $141.84, Coupa Software I is currently 61.5% above its average consensus analyst price target of $54.58. The stock should discover initial support at its 50-day moving average (MA) of $118.52 and subsequent support at its 200-day MA of $87.84.

SmarTrend recommended that subscribers consider buying shares of Coupa Software I on April 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.45. Since that recommendation, shares of Coupa Software I have risen 46.9%. We continue to monitor COUP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows coupa software i

Ticker(s): COUP