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Shares of Coupa Software I Rise Above Previous 52-Week High

By Amy Schwartz

Shares of Coupa Software I (NASDAQ:COUP) traded at a new 52-week high today of $128.10. So far today approximately 240,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 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.

Based on a current price of $127.30, Coupa Software I is currently 57.1% above its average consensus analyst price target of $54.58. Coupa Software I shares have support at the 50-day moving average (MA) of $106.76 and additional support at the 200-day MA of $83.23.

In the past 52 weeks, shares of Coupa Software I have traded between a low of $52.01 and a high of $128.10 and are now at $127.30, which is 145% above that low price. The 200-day and 50-day moving averages have moved 0.97% higher and 1.92% higher over the past week, respectively.

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 33.0%. 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