Bullish mood lifts Bright Horizons Family Solutions to session high of $76.94

Friday at a glance: the child-care provider went up to $76.12, gaining 1.62%.

Bright Horizons Family Solutions Inc. made an initial breakout above its 21 day Simple Moving Average at $76.32, a potential indicator of a newly emerging bullish phase. In contrast, Bright Horizons Family Solutions could be slowing down soon; it is getting close to the resistance line and is now at $77.02, only 90 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Bright Horizons Family Solutions might continue pointing upwards in the short term.

A look at other consumer discretionary stocks also showed bullish price action as Walt Disney added 2.57% to its value, and traded at $102.5. Home Depot gained 2.25%, as it traded at $300.54.

While Bright Horizons Family Solutions was bullish Friday, the following consumer discretionary stocks underperformed: Amazon went down 3.98%, closed at $109.82.

Also worthy of note, United States ISM Manufacturing PMI (Apr) is expected tomorrow at 14:00 UTC.

Approximately 1 year, 1 day ago, the largest employer-sponsored child care provider reached a significant high of $114.24 but has struggled to hold onto its gains and declined 34.43% since then.