Bright Horizons Family Solutions has posted further gains as part of a 9 day trend that has already seen the stock gain $8.16. Today's session so far looks to be heading in the same direction — after closing yesterday at $93.91, the largest employer-sponsored child care provider spiked to $95.53 before giving back its gains and closing the session at $94.22.

Bright Horizons Family Solutions's uptick comes amid good United States macroeconomic data released during the day — highly important Retail Sales data from United States beat analyst expectations of -0.1% with a reading of 0.3%.

On the flip side, new United States Initial Jobless Claims data fell short of the 250,000 projected by analysts with a reading of 262,000 while failing to improve upon the previous reading from last month (262,000).

At the same time, United States Philadelphia Fed Manufacturing Index (Jun) came out at -13.7, while a consensus of analysts was expecting -13.5.

Although up today, early price action saw Bright Horizons Family Solutions Inc. dropping below its 3 day Simple Moving Average at $94.28 — an early indicator that a new downward trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $96.66, thereby suggesting that Bright Horizons Family Solutions is becoming overvalued. Bright Horizons Family Solutions price action is currently oscillating around the $94.83 resistance level with prices moving above and below several times during the session.

Technical analysis suggests there could be an imminent reversal for Bright Horizons Family Solutions.

While Bright Horizons Family Solutions is higher so far today, these consumer discretionary stocks are struggling: after closing the previous session (yesterday) at $168.18, Toyota lost $3.43 and is trading around $164.75. After closing the previous session (yesterday) at $92.94, Walt Disney lost $1.35 and is trading around $91.59.

The largest employer-sponsored child care provider has fallen back around 0.79% over the past 3 days, from a notable high of $94.66.