Upgrade Alert for Tetra Tech (TTEK)
Tetra Tech (NASDAQ:TTEK) was upgraded from Neutral to Outperform at RW Baird today. The stock closed yesterday at $28.94 on volume of 650,000 shares, above average daily volume of 381,000.
In the past 52 weeks, shares of Tetra Tech have traded between a low of $22.21 and a high of $31.49 and closed yesterday at $28.94, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.27% higher over the past week, respectively.
Tetra Tech has overhead space with shares priced $28.94, or 10.3% below the average consensus analyst price target of $32.25. The stock should discover initial support at its 50-day moving average (MA) of $28.26 and subsequent support at its 200-day MA of $26.05.
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.
SmarTrend recommended that subscribers consider buying shares of Tetra Tech on September 17th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.82. Since that recommendation, shares of Tetra Tech have risen 16.6%. 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