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Look for Shares of Coupa Software I to Potentially Pullback after Yesterday's 5.42% Rise

By Shiri Gupta

Coupa Software I (NASDAQ:COUP) traded in a range yesterday that spanned from a low of $192.18 to a high of $204.40. Yesterday, the shares gained 5.4%, which took the trading range above the 3-day high of $200.00 on volume of 577,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Coupa Software I share prices have been bracketed by a low of $97.55 and a high of $204.40 and are now at $204.40, 110% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.3%.

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.

Keywords: rebounders coupa software i

Ticker(s): COUP