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Coupa Software I Set to Possibly Rebound After Yesterday's Selloff of 1.41%

By Amy Schwartz

Coupa Software I (NASDAQ:COUP) traded in a range yesterday that spanned from a low of $131.04 to a high of $134.60. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $132.78 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Coupa Software I and will alert subscribers who have COUP in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Coupa Software I has traded in a range of $52.01 to $155.82 and is now at $134.60, 159% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has advanced 1.5%.

Keywords: rebounders coupa software i

Ticker(s): COUP