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June 30, 2023Today at a glance: the largest employer-sponsored child care provider went up to $92.45, gaining 1.91%.
On the flip side, data from United States concerning Pending Home Sales was released yesterday at 14:00 UTC. Newly published figures emphasized continued decline from last month's figure of -0.4% to -2.7% this month.
Meanwhile, United States Core PCE Price Index (YoY) (May) released today at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7. United States Core PCE Price Index (MoM) (May) came out at 0.3, while a consensus of analysts was expecting 0.3.
Bright Horizons Family Solutions Inc. made an initial breakout above its 10 day Simple Moving Average at $91.22, a potential indicator of a newly emerging bullish phase. On the other hand, note that although Bright Horizons Family Solutions is appreciating today after rising as high as $92.64, price action is now slowing and consolidating around 77 cents below the $91.68 resistance level.
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 McDonald's was up 1.34%. Amazon traded at $130.36 after closing today's trading day at $127.9 (up 1.92%).
While Bright Horizons Family Solutions was bullish today, the following consumer discretionary stocks underperformed: Nike closed at $110.37 (down 2.65%).
Approximately 17 days ago, the child-care provider reached a significant high of $94.66 but has struggled to hold onto its gains and declined 4.16% since then.
