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Consulting and Engineering Services Growth Name Forms Bullish Flag

by | Sep 25, 2024

Tetra Tech (TTEK) shares are coiling in a high tight flag and seeing MACD cross bullish now as the stock has now closed above its monthly value area after the recent 5 for 1 split this month and should garner some more interest from traders now being lower priced. TTEK has had a solid year so far up over 40% YTD and staying in a strong uptrend on multiple timeframes. The consulting and engineering services name remains well positioned to drive organic growth and further margin improvement, while the balance sheet provides optionality on capital allocation.

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