| 
June 03, 2023
Yesterday at a glance: the largest employer-sponsored child care provider ended Thursday's session at $84.52, spiked up to $88.77 and closed at $87.73 — gaining 3.8% yesterday.
Bright Horizons Family Solutions's uptick comes amid good United States macroeconomic data released during the day — highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 339,000.
Nevertheless, United States Average Hourly Earnings fell short of the 0.4% projections, with new data of 0.3%. Data from United States concerning Unemployment Rate was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 3.4 to 3.7 this month.
Bright Horizons Family Solutions Inc. made an initial breakout above its 21 day Simple Moving Average at $86.62, a potential indicator of a newly emerging bullish phase. Crossed the $86.03 Fibonacci level, next level is at $93.41. Despite this, although Bright Horizons Family Solutions is appreciating today after rising as high as $88.77, price action is now slowing and consolidating around $1.65 below the $89.38 resistance level.
Overall, looking at the technical analysis landscape, it seems Bright Horizons Family Solutions might continue pointing upwards in the short term.
This rally in Bright Horizons Family Solutions's share price coincided with other consumer discretionary stocks as Toyota added 3.8% to its value, and traded at $146. Nike was up 4.35%. Walt Disney traded at $90.77 after closing yesterday's trading day at $88.59 (up 2.46%).
This year has been a bright one for the largest employer-sponsored child care provider after trading as low as $55.75 and going on to appreciate by 35.15% year to date.
