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Coupa Software I Set to Possibly Pullback After Yesterday's Rally of 2.35%

By David Diaz

Coupa Software I (NASDAQ:COUP) traded in a range yesterday that spanned from a low of $154.94 to a high of $159.40. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $154.93 on volume of 886,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Coupa Software I has traded in a range of $52.01 to $159.40 and is now at $157.26, 202% above that low. The 200-day and 50-day moving averages have moved 1.66% higher and 0.52% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Coupa Software I. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Coupa Software I in search of a potential trend change.

Keywords: rebounders coupa software i

Ticker(s): COUP