Fortrea Holdings Inc

FTRE remains in a secular uptrend, holding key support around $16.00 and rebounding off an oversold environment. Medium-term bias is Bullish, but short-term lack of confirmation above the 9-day EMA and declining shorter moving averages suggest patience. Execution is deferred via stalking pullbacks into the $15.00–$16.00 support area for tactical long exposure.

• ↑Acquired Early Phase Services division for ~$45M, expanding early-phase CRO capabilities.
• ↑Q2 revenue $678.2M and adjusted EBITDA $58.7M; full-year guidance $2.62–2.69B.
• ↓Top 10 customers account for 55.4% of revenue; largest client 16.8% heightens risk.