Posted on 04/17/10 at 2:00pm by Chip Brian
SmarTrend identified a Downtrend for Lender Processing Services (NYSE: LPS) on March 31, 2010 at $38.26. In approximately 2 weeks, Lender Processing Services has returned 3.3% as of today’s recent price of $36.99.
Lender Processing Services is currently below its 50-day moving average of $38.94 and below its 200-day moving average of $37.98. 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.
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