On Monday, October 23, 2023, shares of Bright Horizons Family Solutions, Inc. (symbol: BFAM) entered oversold territory, recording a Relative Strength Index (RSI) of 29.3 after trading as low as $111.445 per share. In comparison, the S&P 500 ETF (SPY) holds an RSI of 72.5.
BFAM’s 52-week trading range indicates a low of $103.75 and a high of $141.90, with the last trade noted at $111.78. This particularly low RSI reading may suggest that the recent heavy selling is nearing exhaustion, potentially presenting a buying opportunity for bullish investors.
