lender processing services downtrend on stock

SmarTrend’s Trend Spotter Sees Continued Downward Momentum on Shares of Lender Processing Services (LPS)

SmarTrend’s Trend Spotter Sees Continued Downward Momentum on Shares of Lender Processing Services (LPS)

May 27, 2010 (SmarTrend(R) Spotlight via COMTEX) —-SmarTrend identified a Downtrend for Lender Processing Services (NYSE:LPS) on May 07, 2010 at $35.31. In approximately 3 weeks, Lender Processing Services has returned 5.8% as of today’s recent price of $33.27.

Lender Processing Services is currently below its 50-day moving average of $37.60 and below its 200-day moving average of $38.92. Look for these moving averages to decline to confirm the company’s downward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Lender Processing Services.

Write to Chip Brian at cbrian@tradethetrend.com

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One Response to “SmarTrend’s Trend Spotter Sees Continued Downward Momentum on Shares of Lender Processing Services (LPS)”

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