On Thursday, Frontdoor stock received an upgrade to its Relative Strength (RS) Rating, from 65 to 73.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if Frontdoor stock can continue to show renewed price strength and hit that benchmark.
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Is Frontdoor Stock A Buy?
Frontdoor stock gapped up on solid Q1 earnings and revenue beat. While Frontdoor stock is not near an ideal entry right now, see if it manages to form and break out of a proper chart pattern.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -38% to 30%. Revenue rose from 0% to 5%.
Frontdoor stock holds the No. 8 rank among its peers in the Building-Maintenance & Services industry group. Installed Bldg Products and MYR Group are also among the group's highest-rated stocks.
