Chartology: Fusion-io (FIO) Pushing Downtrend Resistance

Stock ChartsFusion-io (FIO) has been pushing up against the near term downtrend line (and 50 dma) for the past week. If it can breakout above 22, it should run to 25.50 – 26.00, which is its 8 month downtrend line and 200 dma.

On a fundamental note, Fusion-io offers big growth and sports customers like Apple (AAPL) and Facebook (FB). The company also has former Apple co-founder Steve Wozniak as its Chief Scientist.

Fusion-io (FIO) annotated daily stock chart with technical price support and resistance levels as of June 27, 2012.  Solid state memory technology. Fusion-io stock ticker FIO.

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Twitter:  @andrewnyquist and @seeitmarket     Facebook:  See It Market

No position in any of the securities mentioned at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.

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