Bullish session ends with 0.98% gain for Bright Horizons Family Solutions as 5 days uptrend continues

Bright Horizons Family Solutions has posted further gains as part of a 5 day trend that has already seen the stock gain $16.68. Bright Horizons Family Solutions pointed in the same direction yesterday: generally flat but with a slight bullish bias, Bright Horizons Family Solutions ranged between $89.39 and $91.78 before closing higher at $91.66.

Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates Bright Horizons Family Solutions is currently 'overbought' which suggests new gains will be harder to obtain. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $90.89, thereby suggesting that Bright Horizons Family Solutions is becoming overvalued. Analysis of Bright Horizons Family Solutions's recent price action suggests Bright Horizons Family Solutions could be slowing down soon as it approaches resistance at $92.5. Of course, crossing it might suggest further gains are ahead.

Overall, while Bright Horizons Family Solutions has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

This rally in Bright Horizons Family Solutions's share price coincided with other consumer discretionary stocks as Walt Disney gained 2.44%, as it traded at $102.97.

While Bright Horizons Family Solutions was bullish yesterday, the following consumer discretionary stocks underperformed: Lowe's closed at $204.05 (down 0.86%).

Furthermore, the market is looking at projections for United States Crude Oil Inventories are set for a continuation of decline with -1.6 million while previous data was -1.28 million; data will be released tomorrow at 14:30 UTC.

Elsewhere, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.

The largest employer-sponsored child care provider has managed to gain 39.95% so far this year despite trading at lows around $55.75 previously.