Yesterday at a glance: Bright Horizons Family Solutions recovered back to $77.74 after dipping down to $76.66, in a session that followed Monday's $77.57 close value.
This uncertain state for Bright Horizons Family Solutions is reflected by published market data as United States JOLTs Job Openings (Feb) released yesterday at 14:00 UTC with a figure of 9.93 million, while the previous figure was 10.56 million. United States API Weekly Crude Oil Stock came out at -4.35 million, while a consensus of analysts was expecting -1.8 million. United States Factory Orders improved upon its previous reading of -2.1% with a new data release of -0.7%.
Bright Horizons Family Solutions Inc. made an initial break below its 10 day Simple Moving Average at $76.93, a possible indication of a forthcoming negative trend. Despite this, Bright Horizons Family Solutions bounced after reaching the $76.94 support zone, climbing 80 cents above it.
Despite the market lacking direction, technical chart analysis strongly suggests Bright Horizons Family Solutions is positioned for a downward move in the near term.
Meanwhile, mixed performances were seen by other consumer discretionary stocks as Nike was up 1.66%. Alibaba added 2.37% to its value, and traded at $100.72. Amazon was up 1.5%.
Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million. It previously stood at -7.49 million; data will be released today at 14:30 UTC. United States ADP Nonfarm Employment Change (Mar) will be released today at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) is expected today at 14:00 UTC.
Pointing downwards for around a month. The child-care provider reached a significant high of $137.54 around 1 year, 1 day ago but has lost 43.6% since then.