• Return to Headlines

Olympic Steel (ZEUS) Crosses Pivot Point Resistance at $26.14

Written on Mon, 07/26/2010 - 1:18pm
By Chip Brian

SmarTrend has detected shares of Olympic Steel (NASDAQ:ZEUS) have bullishly opened above the pivot of $25.56 today and have reached the first resistance level of $26.14.
We are watching for a cross of the next upside pivot targets of $26.47 and $27.38. Also, the shares are currently trading above the 50-day moving average of $25.22 and should find resistance at the 200-day moving average of $29.26.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Olympic Steel on July 23, 2010 at $25.43. Since the call, the stock has risen 3.2%.

Keywords: olympic steel pivot points

Ticker(s): ZEUS

Contact Chip Brian



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/morning-call-newsletter-signup.