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February 27, 2023A quick look at Friday: the largest employer-sponsored child care provider has recovered almost all of its session losses after dipping down to $76.52 Friday.
United States Core Durable Goods Orders data will be released today at 13:30 UTC, with an expected improvement to 0.1%. Bright Horizons Family Solutions reaction to indicator information will follow.
Bright Horizons Family Solutions Inc. made an initial break below its 21 day Simple Moving Average at $77, a possible indication of a forthcoming negative trend. Despite this, although Bright Horizons Family Solutions is pointing down today (was as low as $76.52), it's climbing away from the $76.83 support line and is now $1.16 above it.
Several technical indicators are adding weight to the bearish momentum seen Friday and forecasting Bright Horizons Family Solutions to extend its recent losses.
Bright Horizons Family Solutions was not the only decliner in the consumer discretionary sector; Alibaba went down 5.48%, closed at $94.16. Toyota went down 2.09%, closed at $138.95. Amazon drops 2.42% Friday to close at $95.82.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as projections for United States Pending Home Sales are set for a continuation of decline with 1% while previous data was 2.5%; data will be released today at 15:00 UTC.
In addition, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.2%. The figure will be published today at 13:30 UTC. United States Consumer Confidence is projected to outperform its last figure with 108.5. It previously stood at 107.1; data will be released tomorrow at 15:00 UTC.
The child-care provider has gained 18.23% since its lowest print of $55.75 earlier this year.
