FTDR – nice undervalued stock with some momentum
Frontdoor corporation(FTDR) which sells home service plans in the US , exhibits nice fundamentals and some nice momentum. Currently at 35.51, is a new IPO (Oct2018) and follows patterns of similar IPOs which appreciated greatly in the recent past. Our quantamental model raised a flag for going long at this price with a horizon of 2-3 months and a price target of 42-45 USD with probability of achieving this close to 69%. Needless to say , this stock is very volatile , has 2 times the Nasdaq100 daily volatility and positioning must take place having this in mind.