Coupa Software - Top 100 Stock
Long Only, Momentum, Portfolio Strategy
Seeking Alpha Analyst Since 2009
Jim Van Meerten writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.
Summary
- 100% technical buy signals.
- 14 new highs and up 26.13% in the last month.
- 117.43% gain in the last year.
The Barchart Chart of the Day belongs to the software company Coupa Software (COUP). I found the stock by sorting Barchart's Top 100 Stocks list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 4/15 the stock gained 81.23%.
Coupa Software Incorporated provides cloud-based business spend management platform. Its platform connects organizations with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. The company's platform consists of procurement, invoicing, expense management, and payment modules that form the transactional engine for managing a company's business spend; and offers supporting modules, including strategic sourcing, spend analysis, contract management, supplier management, and contingent workforce management. Its customers include businesses in various industries, including healthcare and pharmaceuticals, retail, financial services, manufacturing, and technology. The company markets its platform primarily through a direct sales force. The company was founded in 2006 and is headquartered in San Mateo, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- 142.96+ Weighted Alpha
- 117.43% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 26.13% in the last month
- Relative Strength Index 79.08%
- Technical support level at 278.92
- Recently traded at 290.55 with a 50 day moving average of 221.26
Fundamental factors:
- Market Cap $19.31 billion
- Revenue expected to grow 26.20% this year and another 25.50% next year
- Earnings estimated to increase 61.50% next year and continue to compound at an annual rate of 13.45% for the next 5 years
- Wall Street analysts issued 9 strong buy, 3 buy, 5 hold and 1 sell recommendation on the stock
- The individual investors following the stock on Motley Fool voted 173 to 8 that the stock will beat the market
- 12,870 investors are monitoring the stock on Seeking Alpha
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