In the basic material wholesales, it’s impossible to miss Olympic Steel, Inc. engages in the processing and distribution of carbon, coated, aluminum and stainless steel, flat-rolled sheet, and coil and plate products in the United States.

According to Surperformance rating, the share meets all the requirements for an investing strategy. The security is trading at 11.1 times the turnover by Thomson Reuters' estimates for 2011 and the EPS for 2011 is expected at 2.47 dollars was revised upward according to analysts covering the company. They are expecting also a turnover's increase of 30% at 1251 million dollars against 805 million dollars for 2010.

Technically the share shows a wonderful progression since October 2011. The moving average 50 days acts as support of the trend. Weekly data show a convergence of the moving averages near the 24 USD. The MACD (12,26) is positive and confirms the bullish trend. The consensus fixes a target price at 32.4 USD.

Due to the attractive economical perspectives and the technical pattern, Olympic steel shows interesting perspectives. A buying position could be engage right now with an objective at 32.4 USD in a first time and probably beyond on the long term. A stop loss will be fixed on the 20 days moving average at 25.5 USD.