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Watch for Coupa Software I to Potentially Pullback After Gaining 1.35% Yesterday

By Nick Russo

Coupa Software I (NASDAQ:COUP) traded in a range yesterday that spanned from a low of $161.19 to a high of $169.08. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $167.72 on volume of 425,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Coupa Software I share prices have been bracketed by a low of $88.97 and a high of $178.00 and are now at $168.30, 89% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.6%.

Keywords: rebounders coupa software i

Ticker(s): COUP