• Return to Headlines

Bright Horizons Crosses Above its 10-day MA (BFAM)

By Shiri Gupta

Bright Horizons (NYSE:BFAM) shares have crossed bullishly above their 10-day moving average of $98.54 on a volume of 113K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Bright Horizons share prices have been bracketed by a low of $64.23 and a high of $176.98 and are now at $109.38, 70% above that low price. The 200-day and 50-day moving averages have moved 0.71% lower and 4.57% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Bright Horizons. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bright Horizons in search of a potential trend change.

Keywords: moving crosses bright horizons

Ticker(s): BFAM