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Olympic Steel (ZEUS) Trading Near $19.49 Support Level

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Olympic Steel (<a href="http://www.marketintelligencecenter.com/symbol/ZEUS">ZEUS</a>) could yield about 6.83% (18.62% annualized, for comparison purposes only) in 134 days. Pair a long position in the stock with the Apr 20, 2018 $17.50 call for a net debit of about $16.37. This position also has 18.83% downside protection. Olympic Steel closed at $20.18 Dec 6, 2017. Technical indicators for ZEUS are bearish and support and resistance have been about $19.49 and $21.41, respectively.A

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