Bright Horizons Family Solutions Inc (BFAM): Price Now Near $169.4; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for BFAM

Currently, BFAM’s price is down $-0.29 (-0.17%) from the hour prior. The hourly chart shows that BFAM has seen 3 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

BFAM’s Technical Outlook on the Daily Chart

At the moment, BFAM’s price is down $-0.29 (-0.17%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows BFAM’s price action over the past 90 days.

BFAM

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