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Downtrend Call Working As Olympic Steel Stock Falls 10.4% (ZEUS)

By Amy Schwartz

SmarTrend identified a Downtrend for Olympic Steel (NASDAQ:ZEUS) on April 18th, 2019 at $15.92. In approximately 4 weeks, Olympic Steel has returned 10.43% as of today's recent price of $14.26.

Olympic Steel share prices have moved between a 52-week high of $25.84 and a 52-week low of $13.72 and are now trading 4% above that low price at $14.26 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.9%.

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products.

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.

Keywords: spotlights olympic steel

Ticker(s): ZEUS