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Stock Of The Day: Is Bright Horizons Breaking Out?

Bright Horizons Family Solutions Inc. BFAM is trading lower Wednesday. It is consolidating after rallying over the past week.The shares appear to be breaking out. This can be a bullish dynamic that suggests a move higher. This is why we have made it our Stock of the Day.As you can see on the chart, $130 has been resistance for the stock. It isn't a coincidence that there was resistance at this level. In October it was support, and levels that were support can convert into resistance.Some of the people who b ...