After running out of steam, the Tetra Tech' stock, could resume its uptrend.
The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.8x for the current year. Moreover, sales are expected to increase by almost 78% between 2012 and 2015.
Tetra Tech is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level at USD 28.2, corresponding to the 100-day moving average. This threshold, if preserved, will enable to enjoy the bullish movement.
In this configuration, a decrease seems unavoidable in the USD 28.2 area. Investors could take a buy order on this level and get a good entry point to aim the USD 30 short term resistance. However, a stop loss must be placed below USD 28.2 because a breakdown of this level would stop the bullish trend.
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Tetra Tech, Inc. is a global provider of consulting and engineering services that is focused on water, environment, sustainable infrastructure, renewable energy and international development. The Company is Leading with Science to provide solutions for its public and private clients. The Company operates through its two segments: government services group (GSG) and commercial/international services group (CIG). Its GSG segment provides consulting and engineering services primarily to United States (U.S.) government clients and development agencies worldwide. The Company's CIG segment primarily provides consulting and engineering services to U.S. commercial clients and international clients that include both commercial and government sectors. Its CIG segment provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific, the United Kingdom, as well as Brazil and Chile.
TETRA TECH, INC. 
