Tetra Technologies (TTI) is an energy services and solutions company focused on calcium chloride, completion fluids and associated products and services, comprehensive water management solutions, frac flowback, production well testing, and offshore rig cooling. Sounds like services that are specialized and needed.
Let's check out the charts in light of Wednesday's upgrade of the stock by TheStreet's Quant Ratings service.
In the daily bar chart of TTI, below, I can see that the shares made a low in March on heavy trading volume. Share prices slowly improved until later in June when they took off to the upside. TTI now trades above the rising 50-day moving average line and the rising 200-day moving average line. The 50-day line is close to crossing above the 200-day line for a bullish golden cross buy signal.
The On-Balance-Volume (OBV) line shows strength from late June as trading volume increased. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.