Tuesday, May 5, 2015

Bright Horizons Family Solutions - All Time High

Bright Horizons Family Solutions (BFAM) is the Barchart Chart of the Day.  The child day care services company has a Trend Spotter buy signal, a Weighted Alpha of 39.77 and gained 34.98% in the last year.

The Chart of the Day belongs to Bright Horizons Family Solutions (BFAM).  I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart feature to review the charts.

Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India.

The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.  The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report

Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 3.47% in the last month
  • Relative Strength Index 65.21%
  • Barchart computes a technical support level at 53.01
  • Recently traded at 53.95 with a 50 day moving average of 51.65
Fundamental factors:
  • Market Cap $3.33 billion
  • P/E 36.52
  • Revenue expected to grow 7.40% this year and another 8.50% next year
  • Earnings estimated to increase 20.70% this year, an additional 16.60% next year and continue to increase at an annual rate of 19.40% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 3 buy and 5 hold recommendations on the stock
None of the regular technical trading strategies have been reliable on this stock so I would use a moving stop loss 10% below its recent high to protect your gains

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