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Tetra Tech (TTEK) Showing Bearish Technicals With Resistance At $49.53

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Tetra Tech (<a href="http://www.marketintelligencecenter.com/symbol/TTEK">TTEK</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Mar 16, 2018 $45 covered call for a net debit in the $44 area. That is also the break-even stock price for the covered call. This trade will return 2.27%, or 8.37% annualized (for comparison purposes only), in 99 days. This covered call also provides 9.46% downside protection. The current 52-week low is $38.85 and the 52-week high is $50.90. Tetra Tech stock has been showing support around $47.93 and resistance in the $49.53 range. The stock closed Dec 6, 2017's trading session at $48.59. Technical indicators for the stock are bearish and S&P gives TTEK a 4 STARS (out of 5) buy ranking.

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