Olympic Steel Shares Up 16.9% Since SmarTrend's Buy Recommendation (ZEUS)

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[January 04, 2013]

Olympic Steel Shares Up 16.9% Since SmarTrend's Buy Recommendation (ZEUS)

Jan 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Olympic Steel (NASDAQ:ZEUS) on November 29th, 2012 at $19.40. In approximately 1 month, Olympic Steel has returned 16.89% as of today's recent price of $22.67.

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 $22.67, which is 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.2%.

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 shifts in the trajectory of Olympic Steel shares.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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