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Look for Shares of Coupa Software I to Potentially Pullback after Yesterday's 6.44% Rise

By David Diaz

Coupa Software I (NASDAQ:COUP) traded in a range yesterday that spanned from a low of $167.79 to a high of $179.28. Yesterday, the shares gained 6.4%, which took the trading range above the 3-day high of $172.08 on volume of 696,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Coupa Software I share prices have moved between a 52-week high of $179.28 and a 52-week low of $97.26 and are now trading 84% above that low price at $179.13 per share. The 200-day and 50-day moving averages have moved 0.41% higher and 0.06% higher over the past week, respectively.

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