Frontdoor, Inc.
Long

Nice and simple Breakout on high relative strength

27
FTDR is a pattern breakout.
Even with the S&P falling more sharply and the NASDAQ rallying, FTDR is able to breakout from a base today on good, rising volume. A breakout under these market conditions shows high relative strength.

The fundamentals also look good. EPS increased significantly by almost 50% in each of the last four quarters.
The homebuilding sector has been stronger in recent months, although the Fed's decisions this week may have a greater impact here.

True leader! I'll buy it.



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