Lender Processing Services 3.01% Below its May 6th Flash Crash Low of $34.85 (LPS)

Written on Thu, 06/03/2010 – 6:19am

Lender Processing Services (NYSE:LPS) is currently trading 3.01% below its May 6th low of $34.85. Investors are looking to see if this low reached during the ‘flash crash’ can hold and signal that a double bottom has been fulfilled.
In the past 52-weeks, shares of Lender Processing Services have traded between a low of $26.33 and a high of $44.38 and are now at $33.8, which is 28.37% above that low price.
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 4.3% since the alert was issued.

Downtrend Spotted in Shares of Lender Processing Services (LPS): by Chip Brian

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.

Write to Chip Brian at cbrian@tradethetrend.com