Posted on 04/05/10 at 10:30am by Chip Brian

SmarTrend identified a Downtrend for Lender Processing Services (NYSE: LPS) on March 31, 2010 at $38.26. In approximately 1 week, Lender Processing Services has returned 4% as of today’s recent price of $36.72.

Lender Processing Services is currently below its 50-day moving average of $39.59 and below its 200-day moving average of $37.52. 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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