Tetra Tech (TTEK) NewsBite - TTEK Rises on Upgrade

Posted: Friday, March 19, 2010 2:23 PM EDT
By: Market Intelligence Center Staff

Tetra Tech (NASDAQ: TTEK) opened at $21.88. So far today, the stock has hit a low of $21.44 and a high of $21.92. TTEK is now trading at $21.63, up $0.88 (4.24%). Over the last 52 weeks the stock has ranged from a low of $19.51 to a high of $32.00. TTEK shares were upgraded at Janney Montgomery Scott today to Buy from Neutral. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for TTEK. If you are looking for a hedged play on TTEK the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]