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Upgrade Alert for Tetra Tech (TTEK)

By David Diaz

Tetra Tech (NASDAQ:TTEK) was upgraded from Hold to Buy at Canaccord Genuity today. The stock closed yesterday at $30.60 on volume of 607,000 shares, above average daily volume of 364,000.

Tetra Tech, Inc. provides specialized management consulting and technical services primarily in resource management, infrastructure, and communications. The Company's clients include a diverse base of public and private sector organizations. Tetra Tech operates offices in the United States and internationally.

Tetra Tech (NASDAQ:TTEK) is currently priced 4.3% above its average consensus analyst price target of $29.29. The stock should find initial support at its 50-day moving average (MA) of $29.26 and further support at its 200-day MA of $26.82.

Tetra Tech share prices have moved between a 52-week high of $31.74 and a 52-week low of $22.85 and closed yesterday at 34% above that low price at $30.60 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Tetra Tech on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.09. Since that recommendation, shares of Tetra Tech have risen 11.5%. We continue to monitor TTEK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Tetra Tech

Ticker(s): TTEK