Frontdoor Inc

FTDR remains in a Stage 2 advance supported by a Lockout Rally and higher highs/lows. After a shallow pullback, price is holding above the 9/21 EMA support zone, indicating continued momentum. In line with our Momentum + EPS strategy, we buy now on this dynamic support area to participate in the potential continuation.

• ↑Q1 revenue reached $451M (+6% YoY); net income rose to $41M (+11%).
• ↑Free cash flow was $114M in Q1 with a 9% FCF yield; $60M buybacks executed.
• ↓High interest rates and elevated home prices limit new warranty sales.