Posted on 23 May 2010.
Written on Sun, 05/23/2010 – 10:25am
By Chip Brian
When Lender Processing Services (NYSE:LPS) reported earnings 29 days ago on April 22, 2010, analysts, on average, expected the company to report earnings of $0.79 on sales of $595 million.
The company actually reported EPS of $0.80 on sales of $592 million, beating EPS estimates by $0.01 and missing revenues estimates by $3 million.
Since the company’s report, share of Lender Processing Services have fallen from $38.66 to $34.45, representing a loss of 10.89% in the past 29 days.
SmarTrend is bearish on shares of Lender Processing Services and our subscribers were alerted to Sell on May 07, 2010 at $35.31. The stock has fallen 2.4% since the alert was issued.
Posted in Lender Processing Services Inc., LPS
Posted on 14 April 2010.
Lender Processing Services Bearish Moving Average Crossover Alert (LPS)
Written on Wed, 04/14/2010 – 14:36
Today, shares of Lender Processing Services (NYSE:LPS) have crossed bearishly below their 10-day moving average of $37.26 on volume of 417 thousand shares.
After ongoing INVESTIGATIONS: Lender Processing Services (LPS) closed the offices of its subsidiary, Docx, LLC, in Alpharetta, Georgia
LENDER PROCESSING SERVICES (LPS) Hits Local NEWS!
TOPAKO LOVE; LAURA HESCOTT; CHRISTINA ALLEN; ERIC TATE …Officers of way, way too many banks Part Deux “The Twilight Zone”
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for Lender Processing Services on March 31, 2010 at $38.26. In approximately 2 weeks, Lender Processing Services has returned 3.4% as of today’s recent price of $36.97.
We will continue to monitor LPS’s share price relative to this moving average.
Posted in foreclosure fraud