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April 17, 2023
As the end of the session approaches, a small gain for the child-care provider at $77.67 after ranging between $77.1 and $77.92 today.
Meanwhile, United States NY Empire State Manufacturing Index (Apr) came out at 10.8, while a consensus of analysts was expecting -18.
Bright Horizons Family Solutions Inc. is 45 cents away from testing key resistance at $78.12. Peaking above this level could inspire market bulls and open the path to further gains. Bollinger Band® analysis indicates that current price action is approaching the upper band at $78.69, thereby suggesting that Bright Horizons Family Solutions is becoming overvalued.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Bright Horizons Family Solutions is set for a reversal in the coming days.
This rally in Bright Horizons Family Solutions's share price coincides with other consumer discretionary stocks as Alibaba gained 2.31%, currently at $96.73. Toyota is trading at $137.62 after ending Friday's session at $135.96 (up 1.22%). Lowe's is up 1.13%.
Also worthy of note, United States Building Permits (Mar) is expected tomorrow at 12:30 UTC.
Pointing downwards for around a month. Over the past 11 months, the child-care provider has retreated 41.85% from a noteworthy peak of $132.98.
