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Olympic Steel (ZEUS) Showing Support Near $21.04

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

After Feb 8, 2018aEUR(TM)s trading in Olympic Steel (<a href="http://www.marketintelligencecenter.com/symbol/ZEUS">ZEUS</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 5.54% or 12.57% (for comparison purposes only), while providing 23.16% downside protection. The trade is a Jul 20, 2018 covered call at the $17.50 level for a net debit of about $16.57. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $21.04 and $22.34, respectively.

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