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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