Olympic Steel Down 29.8% Since SmarTrend Downtrend Call (ZEUS)

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[May 25, 2012]

Olympic Steel Down 29.8% Since SmarTrend Downtrend Call (ZEUS)

May 25, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Olympic Steel (NASDAQ:ZEUS) on February 23rd, 2012 at $23.91. In approximately 3 months, Olympic Steel has returned 29.81% as of today's recent price of $16.78.

In the past 52 weeks, shares of Olympic Steel have traded between a low of $14.58 and a high of $35.00 and are now at $16.80, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.43% lower and 2.66% lower over the past week, respectively.

Olympic Steel, Inc. processes and distributes flat-rolled carbon, stainless steel, and tubular steel products. The Company operates as an intermediary between steel producers and manufacturers that require processed steel for their operations. Olympic purchases steel from producers and processes it according to customer specifications.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Olympic Steel.

Log in and add Olympic Steel (ZEUS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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