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April 22, 2023
A quick look at yesterday: generally flat but with a slight bullish bias, Bright Horizons Family Solutions ranged between $74.7 and $76.48 before closing higher at $76.43.
Meanwhile, United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 244,600, while the previous figure was 235,600. United States CFTC Gold speculative net positions came out at 189,900.
'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Bright Horizons Family Solutions's lower Bollinger Band® is at $74.75, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Bright Horizons Family Solutions could be slowing down soon as it approaches resistance at $77.06. Of course, crossing it might suggest further gains are ahead.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Bright Horizons Family Solutions to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the the largest employer-sponsored child care provider is expected to pick up significant bullish sentiment in the coming days.
This rally in Bright Horizons Family Solutions's share price coincided with other consumer discretionary stocks as Amazon gained 3.03%, as it traded at $106.96. Walt Disney was up 1.53%.
Bright Horizons Family Solutions went up yesterday, yet these consumer discretionary stocks did not follow — Alibaba descends 1.77% yesterday to close at $90.74.
Approximately 1 year, 1 day ago, the largest employer-sponsored child care provider reached a significant high of $131.29 but has struggled to hold onto its gains and declined 42.37% since then.
